FRANKFURT (MNI) – The economic situation in the Eurozone continues
to improve, though sources of uncertainty persist, European Central Bank
Executive Board member Gertrude Tumpel-Gugerell said in an interview
released Tuesday.

Tumpel-Gugerell told the Luxembourgish newspaper Wort that interest
rates remain appropriate and the ECB is on the right path overall.

Asked how the ECB’s policy stance would look over the coming
period, Tumpel-Gugerell replied, “We are seeing progress in the
stabilization of the economic situation in the Eurozone. The growth
path, however, remains burdened by various uncertainties.”

She continued: “In addition, we have succeeded in attaining a
certain stabilization in the financial sector, though here as well risks
still remain.”

“We will continue to observe the situation and to remain vigilant,”
she added. “All in all I think we are on the right path. The current
interest rate level is appropriate.”

–Frankfurt bureau tel.: +49-69-720142. Email:

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