ecb speech, 2005-08-06
Some global media, influential commentators, analysts and observers were betting on our presumed incapacity to deliver effectively in all important circumstances: namely to start the new currency on time on the first working day of January 1999, to make the immense new money market a reality for 11 economies and countries, and then 12, and to have it functioning perfectly from day one, to introduce smoothly euro banknotes and coins on 1 January 2002 for the 307 million people of the euro area and, overall, to keep the promise made to the same 307 million fellow Europeans that the new currency would be at least as good, reliable and credible as each of the national currencies, including the most credible ones, such as the guilder.
Sentiment: neutral
Topic: mp_interest_rate