Welteke confirms support for stability pact

Looking back over the lifetime of the euro, Ernst Welteke, the president of the Deutsche Bundesbank, said in a speech on Wednesday that the ECB had achieved its aim of price stability in the face of strong and in some cases unprecedented economic shocks. CentralBankNet reports from the Cass Business School, London.

Despite Y2K fears, stockmarket bubble and burst, life-stock diseases, September 11, the introduction of euro notes and coins themselves, and the war in Iraq, Eurosystem inflation ha

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