FRANKFURT (MNI) – Despite the recent fall of the euro, price
stability still prevails in the Eurozone and that will remain so in the
future, European Central Bank Executive Board member Gertrude
Tumpel-Gugerell said Monday.

“Price stability is given and you can count on it that it will stay
that way in the future,” she told Austria’s Top Gewinn magazine.

“The expansion of public deficits was indeed necessary in many
cases,” she said. “But it is equally necessary to roll back these
deficits, as has been agreed in Europe.”

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–Frankfurt bureau; +49-69-720142; frankfurt@marketnews.com

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