Support for the European Central Bank

SPEECH - Edward George, the Governor of the Bank of England, has defended the ECB in a speech to Japanese businessmen at the JiJi Press London Top Seminar, The Savoy Hotel, London on 30 May 2001.

Mr George leapt to the defence of the European Central Bank claiming it had enjoyed a "relatively successful" record so far.

He dismissed accusations that the ECB had been responsible for the weakness of the euro and was slow to react to the US economic slowdown.

Extract

Mr Chairman, I am delighted to

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