ECB's Welteke: risks to eurozone economy remain

Bundesbank President and European Central Bank governing council member Ernst Welteke said on Thursday 11 March thathe saw a higher risk that the economy could deteriorate rather than improve.

"The risks of an economic deterioration are greater than the upward risks for Europe and for Germany," the German central bank president said at a meeting with journalists on Thursday.

The comments appear to contradict the ECB's latest monthly report published Thursday, which said that the risks to the re