Duisenberg admits euro increased prices

One year on from the introduction of the euro, the European Central Bank (ECB) President Wim Duisenberg admits for the first time that the physical introduction of the euro has led to an increase in inflation.

Mr Duisenberg’s statement in an interview to the Dutch television channel RTL-Z and in the Belgian newspaper 'de Financieel-Economische Tijd’, contradicts previous ECB’s statements and that of EU Finance Ministers – that the euro introduction left no impact on inflation.

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