Trichet on euro statistics & their use at the ECB

In a speech on 'Euro area statistics and their use for ECB policy-making' given on 23 April, Jean-Claude Trichet of the ECB said the ECB attaches great importance to timely and reliable euro area statistics as a basis for policy-making. Statistics are like the glasses through which policy-makers and all other economic agents view macroeconomic reality.

"If the glasses are totally reliable, well polished and easy to handle, we may hardly notice that we are wearing them and we do not realise how

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