ECB's Tumpel-Gugerell optimistic on growth

European Central Bank executive board member Gertrude Tumpel-Gugerell said on Tuesday 17 January prospects for economic growth across the eurozone are improving.

``Looking at the confidence indicators, there are reasons for a certain optimism,'' said Tumpel-Gugerell in an interview at the Frankfurt stock exchange's New Year reception late Tuesday with Bloomberg. ``We hope that this confidence will be borne out by hard facts in the next few months.''

Tumpel-Gugerell said oil prices, increases in