This internal stability of the euro means that people can be confident that their savings and pensions will keep their value over time,
More Quotes from Wim Duisenberg:
Given that the expected pace of the recovery has been scaled down over recent months, sharp declines in stock prices are having a negative effect on consumer and investors confidence,Wim Duisenberg
But we are such a large autonomous economic area, comprising a market of some 300 million people, that the impact of developments outside the Euro area on the Euro area are not negligible, but very limited indeed.
Wim Duisenberg
Don't ask for monetary policy to perform tricks it cannot deliver,
Wim Duisenberg
Economic activity in the euro area is determined mainly by domestic factors, ... Growth is very likely to continue at a reasonably robust pace.
Wim Duisenberg
This reduction is to be seen as an adjustment of interest rates to an appropriate level to ensure that the euro area will be able to maintain price stability and to contribute to growth,
Wim Duisenberg
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