Duisenberg rallies to defence of euro

Wim Duisenberg, the former president of the European Central Bank, on Thursday 9 June rejected a call from an Italian minister for the reintroduction of its own currency, saying in an interview that the country had had a big boost from the adoption of the euro.

"Could it be that this minister wants to return to the days when Italy had double-digit inflation and interest rates," he told weekly Portuguese business newspaper Semanario Economico.

"There is almost no country which has benefited as m