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Netherlands

Maharishi Yogi's cash legal, says Dutch bank

The Dutch central bank said on Tuesday that an organisation founded by Beatles guru Maharishi Mahesh Yogi had not violated the law by issuing and using its own currency in the Netherlands.

Speech by A Schilder, Nederlandsche Bank, 27 June

SPEECH - In the speech titled 'Social exclusion and the financial system' Schilder said that a financially stable economy and a solid banking system are key factors to allow better chances for social inclusion of the poor. If there is no such stability,…

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.

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