Burkhard Balz: Closing remarks - "Strengthening the National Bank of Belarus" Closing remarks by Mr Burkhard Balz, Member of the Executive Board of the Deutsche Bundesbank, at the EU Twinning Project "Strengthening the National Bank of Belarus", Minsk, 10 July 2019.
In economics, as in many other areas of life, we often speak as though we are sure of the consequences of this or that policy, when in fact there are so many factors at work in every case that the outcome is always uncertain.