7 May 2001, 13:54  ECOFIN Reynders says eurogroup still 'realistically optimistic' on economy

BRUSSELS (AFX) - Eurogroup president Didier Reynders, who is also the Belgian finance minister, said the group retains its "realistically optimistic" assessment of the prospects for growth and the economy. After the monthly eurogroup meeting, Reynders said there had been no change in its view of the situation since its previous meeting in April and since it reported that assessment to the G7 and IMF meetings in Washington. However, Reynders added the emphasis in the assessment is on the "realistic" side. Following concerns expressed by the European Parliament's monetary affairs committee this morning, he said the eurogroup has no evidence of upwards price pressure being caused by anticipating the advent of euro cash.

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