RTTNews - Tuesday, European Central Bank Executive Board member Gertrude Tumpel-Gugerell said the bank had done everything possible with interest rates to boost the economy.

In a conference in Berlin, she said her remarks did not refer to the central bank's future monetary policy measures.

According to the text of a speech published on the ECB Web site, Tumpel-Gugerell said the most demanding challenge for the European policy makers is to develop long-term plans for crisis prevention and crisis resolution.

For this, Tumpel-Gugerell said, We need above all better regulation and supervision, which takes account of the increasing interlinkages in the financial sector and places a greater emphasis on systemic risks.

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