Monetary and Exchange Rate Policies of the Euro Area

April 3, 2000

Summary

The economic conditions in the euro area have brightened. Executive Directors commended the policy stance of the European Central Bank. They noted that the exchange rate developments of the euro failed to strengthen the euro area economy, and stressed the need for fiscal discipline, structural reforms, and wage moderation at the national level to maintain price stability in the medium term. They emphasized the need for deeper integration of European Union financial markets, development of risk capital, and improvement of the quality and sustainability of public finances.

Subject: Employment, Inflation, Labor, Labor markets, Price stabilization, Prices, Unemployment

Keywords: commodity price rise, country, CR, ECB note, Employment, euro, Europe, firm foundation, Global, headline inflation, Inflation, ISCR, Labor markets, price stability, Price stabilization

Pages:
47
Volume:
2000
DOI:
https://doi.org/10.5089/9781451812862.002
Issue:
046
Series:
Country Report No. 2000/046
Stock No:
1EUREA0012000
ISBN:
9781451812862
ISSN:
1934-7685

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Notes

Included with the Staff Report are the text of Public Information Notice No. 00/26 and a state ment by Joao Santos on March 15, 2000.

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