Double dip recession irrelevant, says central bank chief
Friday 03 September 2010
Central bank president Nout Wellink has told a press briefing on the fringes of a conference about regulation in Seoul that the risk of a double dip recession is irrelevant, news agency Dow Jones reports.
Wellink said that as far as could be determined now, the economic recovery would continue. 'In a sense it will be irrelevant if we suffer a small setback,' he was quoted as saying.
Wellink said he is more concerned about middle and long-term challenges, such as ending one-off fiscal and monetary measures to stimulate growth.
© DutchNews.nl
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Friday: Cold and sunny everywhere. Heavy frost at night. Similar Saturday but thaw possible Sunday
Translation: the risk of more people losing their jobs are irrelevant to me. I'm far too important to bother myself with the lives of such insignificant people.
By Chris V | September 3, 2010 5:26 PM