To them, I would like to say the following I understand their concerns, since a persistently lower euro exchange rate might ultimately lead to higher prices in the shops,
More Quotes from Wim Duisenberg:
So we do expect to maintain a growth rate in the euro area of at least 3 percent per year for the next two years.Wim Duisenberg
All available evidence is that a period of robust economic growth -- albeit at a somewhat slower pace than we have seen in recent months -- still lies ahead of us as far as we can see for the foreseeable future,
Wim Duisenberg
In the past 25 years the average growth rate of euro area gross domestic product has been between 2 and 2-12 percent, ... We are now in for a period this year and next year when growth will be in excess, I would even say considerably in excess, of 3 percent a year.
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
The depreciation of the exchange rate of the euro will increase the risks to price stability, ... In the medium term these risks have to be taken seriously, and we are taking them seriously in light of the current exchange rate.
Wim Duisenberg
There is some evidence -- although not uncontroversial itself -- of the emergence of a new economy in the United States. By contrast it is difficult as yet to find clear evidence of a new economy in the euro area,
Wim Duisenberg
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