Gertrude Tumpel-Gugerell, a member of the executive board of the European Central Bank, on Tuesday said bold reforms in fiscal and macroeconomic policy surveillance would maintain the current positive outlook in Europe.

Speaking at a forum in London, Tumpel-Gugerell said: "It is clear that we cannot be complacent against the background of the positive sentiment on the euro-area economic outlook. We need to ambitiously and urgently address the challenges that we are facing to ensure a continued