Interview with central bank governor: Yves Mersch

Central Banking staff
10 Jun 2003

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In an interview with Reuters Yves Mersch of the central bank of Luxembourg said he hopes for a "euroisation" effect with the opening up of EU markets because of the single currency.

First published by Reuters, 9 June.

Is Luxembourg in recession? The president of the central bank - who ought to know - responds with an elliptical observation.

"It's easy to say there's no winter in Luxembourg if you take the average temperature over the year," says Yves Mersch.

"The government statistical office has

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