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"The potential rate of growth certainly could be higher in Europe," Mr. Duisenberg said today.
The IMF recently cut its estimate of the country's potential rate of growth to 2%.
Even so, euro-area growth is now above its supposed potential rate of around 1.8%.
Within two years the economy could be growing at close to its potential rate.
They also appear to have reduced their estimates about the nation's long-term potential rate of growth without inflation, often described as the economy's speed limit.
European policy makers confidently predicted last spring that the region would grow at about its long-term potential rate of 2.5percentt.
Similar(7)
Royal Bank of Scotland's legal woes relate to a broad industry investigation into potential rate-rigging.
The proposed changes come amid an investigation into potential rate-rigging at big global banks like HSBC, UBS and JPMorgan Chase.
The Financial Services Authority's audit was conducted in response to claims made by politicians and the British bank Barclays that regulators had been informed several times about the potential rate-rigging, but had failed to act.
Kinetic models are used to examine the rate of the adsorption process and potential rate-controlling step.
The potential rate-loss values due to the usage of the CCs (defined by (16)) are also presented.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com