ECB report says conditions right for recovery
"While the strength of the economic recovery remains subject to some uncertainty at the current juncture, conditions are in place in the euro area to ensure that a recovery will take place," Duisenberg said in a foreword to the bank's annual report.
His remarks were prepared in March.
The ECB has held its benchmark interest rate steady at 3.25 percent since early November, a level that the report said was appropriate to maintain medium-term price stability.
ECB Vice President Christian Noyer presented the report separately to a European Parliament committee in Brussels on Tuesday.
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