I don't have a shred of regret about entering the exchange-rate mechanism.
Sentiment: NEGATIVE
I don't believe in regret.
The whole idea of having a free trade area when you have gyrating exchange rates doesn't make sense at all. It just spoils the effect of any kind of free trade agreement.
I truly don't believe in regret.
You've had an extremely weak euro on the foreign exchange markets, you've had a very dubious policy being followed.
We believe in fair exchange rates and Japan doesn't practice that. They have massive U.S. dollar reserves, and they use them to intervene regularly.
I don't believe in having regrets.
I don't have any regrets in my life actually. I think that's a pretty good policy.
I'd rather regret doing something than not doing something.
A currency designed for long-term storage and investment doesn't do so well at encouraging transactions and exchange in the moment.
Well, I make a practice of not commenting on the role of the relative exchange value of our currency.