European Central Bank president Jean-Claude Trichet said in an interview published Monday that the eurozone economic recovery remained gradual and that the bank's analysis of the situation was balanced
Published:
12 October 2004 y., Tuesday
European Central Bank president Jean-Claude Trichet said in an interview published Monday that the eurozone economic recovery remained gradual and that the bank's analysis of the situation was balanced.
"When we predicted a gradual recovery, I emphasised the word 'gradual', and I still do," he said in an interview with French magazine L'Express. "We are neither optimistic nor pessimistic. We take a lucid, realistic view," he said.
On exchange rates, Trichet indicated that the call by finance ministers from the Group of Seven richest countries for the avoidance of excessive exchange rate moves, made at its meeting in Boca Raton, Florida in February, remained valid.
"As you know, when it comes to exchange rates, I always refer to the G7 Boca Raton communique.
The wording used in this document was used again in the Washington communique of October 2, which I signed," he said, referring to the most recent G7 finance minister's meeting. Asked whether he was worried about the current surge in oil prices, Trichet simply noted that the Washington G7 communique called on oil producers and consumers to act as responsibly as possible.
Šaltinis:
AFP
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
Bank DnB NORD A/S increasing its holdings in its Lithuanian subsidiary to 99.84 percent through acquisition of shares from minority shareholders.
more »
AB Bank SNORAS will grant LTL 35 million for financing the small and medium businesses on the exclusive conditions.
more »
Rejecting survival plans from both General Motors and Chrysler, President Barack Obama warned the ailing US automakers they could be forced into bankruptcy if they don't find a way to slash their debt.
more »
Prevailing wisdom says when the going gets tough the weary go drinking. The demand for beer exceeds the demand for all other alcoholic beverages in USA.
more »
Things have been moving slowly for Swiss watchmakers in recent months. The global economic downturn has hit the country's third most important industry hard.
more »
The move came a day before the U.S. government was due to outline new steps to help GM and Chrysler as part of the federal bailout.
more »
With the European year of creativity and innovation in full swing, leading figures warn against cutting back on research and development in times of crisis.
more »
Wall Street has been looking for signs of a bullish comeback, and today's surprise news on the economic front revived a buying spree... started by Monday's 7% rally.
more »
With the economic crisis eating away at public finances, budget deficits in five countries are expected to exceed the 3% of gross domestic product allowed by the EU.
more »
China is calling for a new global currency to replace the dominant dollar, showing a growing assertiveness on revamping the world economy ahead of next week's London summit on the financial crisis.
more »