Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-03-11-Speech-2-327"
| Predicate | Value (sorted: default) |
|---|---|
| rdf:type | |
| dcterms:Date | |
| dcterms:Is Part Of | |
| dcterms:Language | |
| lpv:document identification number |
"en.20080311.33.2-327"2
|
| lpv:hasSubsequent | |
| lpv:speaker | |
| lpv:translated text |
"No, I cannot give you such specific and detailed calculations as you are asking for. It is very possible that the Greek authorities have made these estimates. We estimated the impact of the financial turbulence and the more economically challenging international climate on the European economies in our updated forecasts in February, and we estimated that there is going to be less growth, five tenths less growth in the European Union, and four tenths less growth in the euro area compared with the forecasts that we presented in November 2007. Also half a point more inflation, basically as a result of the ‘shock’ of the increase in oil prices, raw materials, and in particular, food raw materials.
Thus far, the impact on exports is very small, not to say that it has not been felt until now, but as we have said on many occasions, especially recently when the exchange markets have been extremely volatile, we feel that the changes in and volatility of exchange rates as they affect us as Europeans are reaching limits that are causing us great concern, and we need to remind all the other players in the global economy that excessive volatility in the exchange markets is undesirable, because it has negative consequences in terms of growth and economic activity, for everyone."@en1
|
Named graphs describing this resource:
The resource appears as object in 2 triples