Netherlands

Speech by Dr Wellink, Nederlandsche Bank, 14 June

SPEECH - Wellink speculates in a speech titled 'The Role of National Central Banks within the European System of Central Banks: The Example of De Nederlandsche Bank' that the national central bank might contribute to loosening the roots of its very…

Banking supervision at the cross roads

RESEARCH - A paper presented at de Nederlandsche Bank conference titled 'Banking Supervision at the Cross Roads' by David Llewellyn from Loughborough University, UK, looks at the optimal regulatory environment and suggests a paradigm for ensuring…

Duisenberg flag furore

NETHERLANDS - The public furore about Gretta Duisenberg's apparent support for the Palestinian cause continues to escalate. After Mrs Duisenberg, the wife of Wim Duisenberg, the president of the ECB, displayed the Palestinian flag in her home in the…

Speech by Dr Wellink, Nederlandsche Bank, 17 May

SPEECH - In a speech titled 'Monetary unions in Europe and the US - just how different are they?', given at the Institut International d'Etudes Bancaires, Amsterdam, Dr A.H.E.M. Wellink compares monetary policy in the euro area and in the US. He examines…

Wellink confident about global economy

NETHERLANDS - Dutch central bank president Nout Wellink believes the global economy is ripe for a recovery after a slowdown last year, although Japan's economy and the US current account deficit pose downside risks.

Flag protest

NETHERLANDS - The wife of the President of the European Central Bank hung a Palestinian flag from a second-floor balcony of their home here in protest against Israel's actions in the West Bank. Wim Duisenberg refused to comment on the stance taken by…

Speech by Dr Wellink, Nederlandsche Bank, 13 Mar

SPEECH - In the speech titled 'EU expansion and EMU' Wellink said that European interests are Dutch interests and warns against premature changeover to the euro of new Member States into the Union. "The surrender of exchange rate flexibility and the euro…

Speech by Dr Wellink, Nederlandsche Bank, 12 Mar

SPEECH - In the speech titled 'The Euro, a major challenge and catalyst for Europe' Wellink said that he saw little effect on euro-zone inflation from the physical introduction of the euro and said the euro was "on the low side" historically but noted a…

Punt passes away quietly

IRELAND - The Irish pound ceased to be legal tender from midnight on Saturday as Ireland became the second country within the eurozone - after the Netherlands - to ditch its old notes and coins.

Wellink - Euro may add 0.25% to Dutch inflation

NETHERLANDS - Dutch Central Bank President and European Central Bank governing council board member Nout Wellink said Monday he expected the introduction of the euro to add around a quarter of a percentage point to inflation in the Netherlands.

First euro coins to be rolled out today

NETHERLANDS - Preparations for the changeover to euro notes and coins take a key psychological step forward today as citizens of France, Ireland and the Netherlands become the first in the eurozone to get their hands on the new euro coins.

Distribution of euros to start tomorrow

GERMANY - The mass distribution in Europe of new cash in euros begins tomorrow, when France, the Netherlands and Ireland begin to sell packets of euro coins to the public. Other countries will follow in the days ahead.

€ Euro - Fears over Thai impostor

NETHERLANDS - The Dutch vending machine industry has raised the alarm about similarities between the new Euros 2 coin and 10 Thai baht, which has been discovered to fit in most machines being prepared for the arrival of the single currency.

Niggles with new euro notes

NETHERLANDS - Dutch officials confirmed yesterday that 250,000 euros was snatched by a masked man from a bank in Amstelveen, near Amsterdam, shortly after a consignment was delivered on Monday. Five previous robberies in recent months, two in Italy and…

DNB cool on its own watchdog plans

NETHERLANDS - Dutch central bank DNB president Nout Wellink is less than enthusiastic about his own controversial plan for new watchdogs for the financial sector, according to an internal document leaked to Het Financieele Dagblad.

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