ECB's Wellink says growth 'back on track'

European Central Bank governing council member Nout Wellink said on Thursday 5 October in Mexico that economic growth in the eurozone is "really coming back on track," but inflation risks remain on the upside.

"It is quite clear that we are on the road to further tightening of monetary policy," he told reporters in Mexico.

"In 2006 and 2007, (eurozone) inflation will be higher in all likelihood than 2 percent," Wellink said. "We do not like that."

"The economy is really coming back on track," We