Jan. 24 (Bloomberg) -- European Central Bank Executive board member Jose Manuel Gonzalez-Paramo said there are signs investors are becoming more confident.

“My impression is that since December the market psychology has begun to change,” Gonzalez-Paramo said at the Bloomberg Sovereign Debt Crisis Conference hosted by Bloomberg News in New York today. “Pieces are falling into place, not just for a single country but for the euro zone as a whole.”

“Good indications come from the real economy suggesting the slowdown is just temporary,” he added.

To contact the reporter on this story: Jeff Black in Frankfurt at jblack25@bloomberg.net

To contact the editor responsible for this story: Gabi Thesing at gthesing@bloomberg.net