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
Nautilus Hyosung announced last week that it had been in talks with Triton and Dover for several months and expected the sale to close before the end of the year.
more »
Motorola, Inc. through Motorola Ventures, its strategic venture capital arm, today announced that it has made an investment in Amobee Media Systems, a leader in advertising solutions for mobile operators.
more »
PrivatBank, based in Ukraine, has further strengthened its self-service business with the purchase and installation of 3,100 Wincor Nixdorf ATMs for sites in Ukraine, Russia, Georgia, Cyprus and Latvia.
more »
According to final data presented by the Ministry of Finance, national budget revenue of the 1st half-year of the current year amounted to LTL 11 billion 161.8 million, and that was by 1.1 % over the target.
more »
On 29 July, Lithuanian Minister of Foreign Affairs Petras Vaitiekūnas took part in the European Union’s General Affairs and External Relations Council meeting in Geneva.
more »
Statistics Lithuania informs that based on available statistical data and used econometric models, estimated GDP in II quarter 2008 totalled LTL 28393.3 million at current prices and, as compared to II quarter 2007, grew by 5.5 per cent
more »
Cisco, in collaboration with the Cisco Learning Institute, today announced the results of a study on networking labor needs in North America.
more »
Credit card firms are cashing in on customers who use their plastic to take out cash from an ATM, according to new analysis by MoneyExpert.com.
more »
Despite deterioration in the economy and general business climate, Wincor Nixdorf International says it expects to reach its financial goal of increasing year-to-year net sales by 8 percent and earnings before taxes and amortization by 10 percent.
more »
The Ingenico Group recorded (unaudited) consolidated revenue of €186 million for the second quarter of 2008, an increase of 32% at current exchange rate and 35% at constant exchange rate.
more »