8 June 2001, 13:59  ECB'S MERSCH: HICP SHOULD FALL 'IN THE SUMMER MONTHS'

STRONG EURO IN THE INTEREST OF EUROPE
ECB LOOKS AT GERMANY ECON BUT ALSO OTHER 11
EMU INFL. SHOULD FALL TO PRICE STAB. LEVEL IN 02
ECB LOOKS AT GERMANY ECON BUT ALSO OTHER 11
STILL SEE 2001 EMU GDP BROADLY IN LINE WITH POTENTIAL
:CANNOT RAISE EMU POTENTIAL GROWTH WITHOUT STRUCT REFORM
SHOULD NOT CATEGORISE ECB COUNCIL AS DOVES VS HAWKS

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