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Europe Daily Bulletin No. 8259

20 July 2002
Contents Publication in full By article 21 / 47
GENERAL NEWS / (eu) eu/economy
Lucas Papademos says dollar/euro exchange rate better reflects the economic fundamentals of eurozone

Brussels, 19/07/2002 (Agence Europe) - The euro/dollar exchange rate is now a better reflection of the economic fundamentals of the eurozone, said the Vice-President of the European Central Bank (ECB), Lucas Papademos, in an interview printed in Friday's edition of the French newspaper La Tribune, adding that the euro's appreciation was contributing to relieving inflationary pressure, particularly in the medium-term. Asked about the fall of the stock markets, Papademos said the situation...

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