While governments, supervisors,
central banks and commercial banks must work together to resolve the
ongoing financial market crisis, they should not resort to
"overhurried" measures, European Central Bank Executive Board member
Gertrude Tumpel-Gugerell was quoted as saying over the weekend. In a
comment piece in Austria's Oberoestereiche Nachrichten, Tumpel-Gugerell
insisted that the financial markets would return to normal only when
confidence has been restored and that efforts were underway to do just
that.