Sent: Thursday, March 21, 2013 06:55 PM
To: Steen Jakobsen (SJN)
Subject: 18/01/2008, Trichet: for a small open economy such as Cyprus, the euro adoption provides protection against international financial turmoil
Du vil elske det her. Pointed out on the Reuters dealing chat.
18/01/2008, Trichet: The entry of Cyprus into the euro area implies that the benefits of the Single Market will be further enhanced by the single currency. The euro offers a credible framework for price stability in an environment characterised by the absence of exchange rate uncertainty within the euro area. Cyprus will benefit from the stability-oriented policy of the ECB, which will help anchor inflation expectations. Furthermore, for a small open economy such as Cyprus, the euro adoption provides protection against international financial turmoil, which often has a disproportionate effect on smaller economies.
http://www.ecb.int/press/key/date/2008/html/sp080118.en.html
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Med venlig hilsen | Best regards
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