christian noyer : presentation of the ecb convergence report 2000 introductory statement by mr christian noyer, vice - president of the european central bank, at the presentation of the ecb convergence report 2000 to the committee on economic and monetary affairs of the european parliament, brussels, on 3 may 2000. * * * it is a great pleasure for me to have the opportunity to present this year ’ s convergence report, prepared by the european central bank ( ecb ), to your committee. the report examines in - depth, with regard to greece and sweden, the achievement of a high degree of sustainable convergence, as well as compliance with the statutory requirements to be fulfilled by national central banks in order for them to become integral parts of the european system of central banks ( escb ). in producing this report, the ecb fulfilled the requirements of article 122 ( 2 ) in conjunction with article 121 ( 1 ) of the treaty to report to the council of the european union on the progress of member states with a derogation, with regard to their obligations concerning the achievement of economic and monetary union ( emu ). it will now be up to the council to decide, on the basis of the convergence reports prepared by the european commission and the ecb, and of the parliament ’ s opinion and a proposal from the european commission, whether or not the current derogation status of greece and sweden can be abrogated. in view of the comprehensive assessment provided in our report, it goes without saying that i can only touch upon its main conclusions. however, in the following discussion we should have an opportunity to consider in more depth one or other aspect in which you might be particularly interested. i should like, first, to refer to our assessment of economic convergence in greece and sweden and then to address the requirements of legal convergence. i. assessment of economic convergence in greece as far as economic convergence in greece is concerned, it is noted that greece achieved an average rate of hicp inflation of 2. 0 % during the reference period ( april 1999 to march 2000 ). this is below the reference value of 2. 4 %. looking back, a clear trend towards lower inflation is discernible in greece, with the cpi rate falling from 20. 4 % in 1990 to 2. 6 % in 1999. inflation in greece is now closer to a level which can generally be considered to be consistent with price stability. however, due attention needs to be paid to the fact that the recent reduction in inflation rates

germany's industrial policy and from its small and medium - sized enterprises. germany's industrial policy aims to enhance the added value in domestic industries through extensive cooperation across and within the public, private, and academic sectors, and it places importance on supporting innovative enterprises. small and medium - sized enterprises in germany seek to expand their businesses overseas on their own in search of new markets unlike those in japan whose overseas business expansion typically depends on the corporate groups they belong to. since japan and germany share many common features, i believe that they can expand each other's business opportunities by strengthening their cooperation. thank you for your attention. economic activity, prices, and monetary policy in japan speech at a meeting with business leaders in kagawa february 27, 2019 goushi kataoka member of the policy board of the bank of japan chart 1 world economic outlook by the imf advanced economies january 2019 forecasts ( y / y % chg. ) world japan united states euro area germany france emerging economies united kingdom china brazil india russia difference from april 2018 forecasts ( % pts. ) 3. 7 0. 9 2. 9 1. 8 1. 5 1. 5 1. 4 6. 6 1. 3 7. 3 1. 7 3. 5 1. 1 2. 5 1. 6 1. 3 1. 5 1. 5 6. 2 2. 5 7. 5 1. 6 3. 6 0. 5 1. 8 1. 7 1. 6 1. 6 1. 6 6. 2 2. 2 7. 7 1. 7 － 0. 2 － 0. 3 0. 0 － 0. 6 － 1. 0 － 0. 6 － 0. 2 0. 0 － 1. 0 － 0. 1 0. 0 － 0. 4 [UNK]. 2 － 0. 2 － 0. 4 － 0. 7 － 0. 5 0. 0 － 0. 2 0. 0 － 0. 3 [UNK]. 1 － 0. 2 [UNK]. 2 － 0. 1 0. 0 [UNK]. 1 － 0. 2 [UNK]. 1 － 0. 1 0. 0 － 0. 2 [UNK]. 2 note : as for the january 2019 forecasts, figures for 2018 are estimates and those for 2019 onward are projections. all of the figures for the april 2018 forecasts are projections. for india, figures are presented on a fiscal year basis. source : imf, “ world economic outlook ( january 2019, april 2018 ). ” chart