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Neck and Neck--But Way Behind.(Wim Duisenberg)(Junichiro Koizumi)(Brief Article)
Wim Duisenberg, head of the European Central Bank, and Japanese Prime Minister Junichiro Koizumi may be more than 5,000 miles apart as the crow flies. But in the race for a dubious distinction, "Minister for the Destruction of the World Economy," they're neck and neck.
Alan Greenspan has cut U.S. interest rates six times since January. Last week the Bank of England again shaved rates by a quarter percent. But Duisenberg stayed put. Again. He's offered up only one measly cut this year, despite prodding from other central bankers--and plenty of evidence of Europe's stalling economy (story in europe section). His fears about inflation are understandable, but shouldn't a global recession trouble him more?
Koizumi has bigger problems. After he was elected on a reform agenda, Tokyo's stock market plummeted last week to its lowest point in 16 years--a suggestion that everyone thinks he will fail. And now Koizumi might have to renege on a promise. He has vowed not to bail out ailing banks, but because of their large (sinking) stock portfolios, they need help now more than ever. If Koizumi refuses, he could end up with a bank-liquidity crisis on his hands--or worse, a crash.
Koizumi apparently has a plan. As of September, businesses that ...
- LEMIERRE COULD SUCCEED DUISENBERG AT ECB.(Jean Lemierre, Wim Duisenberg,...
- Newspaper article from: European Report April 18, 2001 700+ words
...could be a possible successor to Wim Duisenberg of the Netherlands to head up the European...will still be under investigation when Wim Duisenberg leaves office, according to the spokesman...by autumn. It will be recalled that Wim Duisenberg is expected to leave his post by mid...
- EMU: DUISENBERG DEFENDS STRICT APPLICATION OF STABILITY PACT.(European Monetary...
- Newspaper article from: European Report September 13, 2003 700+ words
...Goal posts cannot be moved. Wim Duisenberg discounted any change to the...former professor" Mr Prodi, Wim Duisenberg admitted he found it "difficult...draft Constitutional Treaty, Wim Duisenberg called for the introduction...
- German president expresses condolences to Wim Duisenberg's widow.
- News wire article from: The America's Intelligence Wire August 1, 2005 700+ words
...on Monday praised former European Central Bank President Wim Duisenberg for his steady, plain-talking nature, which he said...said in a condolence message to Duisenberg's widow. "Wim Duisenberg radiated clarity and reliability and created trust in the...
- Duisenberg steps down; The euro: Duisenberg's departure.(Wim Duisenberg)
- Magazine article from: Global Agenda February 1, 2002 700+ words
Wim Duisenberg, the controversial president of the European Central Bank, has announced...surge. Does the weakness of the single European currency matter? WIM DUISENBERG has certainly been a colourful first president of the European Central...
- Duisenberg steps down; The euro: Duisenberg's departure.(European Central Bank...
- Magazine article from: Global Agenda February 1, 2002 700+ words
Wim Duisenberg, the controversial president of the European Central Bank, has announced...surge. Does the weakness of the single European currency matter? WIM DUISENBERG has certainly been a colourful first president of the European Central...
- Wim Duisenberg relishing his revenge against France.
- News wire article from: Europe Intelligence Wire April 5, 2003 700+ words
(From Agence France Presse) The mooted prolongation of Wim Duisenberg's tenure at the head of the European Central Bank (ECB) after five years could mean sweet revenge for him on France which had...
- WIM DUISENBERG ANTICIPATING GDP GROWTH OF 3.5% IN THE EURO ZONE.(Brief Article)
- Newspaper article from: European Report September 6, 2000 700+ words
The Euro zone should see growth of the order of 3.5% in the year 2000, and 3 to 3.5% in 2001 and 2002, Wim Duisenberg, the President of the European Central Bank (ECB), told a high-level economic colloquium in Northern Italy on 1 September...
- WIM DUISENBERG CONFIRMS NEED FOR CLOSER CO-OPERATION OVER BANKING SUPERVISION.
- Newspaper article from: European Report May 24, 2000 700+ words
The President of the European Central Bank (ECB), Wim Duisenberg, confirmed his growing interest in seeing closer co-operation in terms of banking supervision. "The introduction of the Euro...
- WIM DUISENBERG ANNOUNCES TWICE-YEARLY ECONOMIC FORECASTS.
- Newspaper article from: European Report November 25, 2000 700+ words
European Central Bank (ECB) President Wim Duisenberg has said the economic forecasts which he intends to publish twice a year (in June and December) would have a "limited impact...
- EMU: WIM DUISENBERG RE-OPENS CONTROVERSY OVER ECB PRESIDENCY.(Brief Article)
- Newspaper article from: European Report January 30, 2002 700+ words
...countries approved the following make-up for the first ECB Board by written procedure on May 26, 1998:* President: Wim Duisenberg (Netherlands), at the time the President of the European Monetary Institute (EMI), for a non-renewable eight-year...
Source: HighBeam Research, Neck and Neck--But Way Behind.(Wim Duisenberg)(Junichiro...