Pages

Search This Blog

Monday, November 28, 2011

OECD warns of eurozone contagion risk

 

OECD warns of eurozone contagion risk
European leaders need to provide “credible and large enough firepower” to halt the sell-off in the eurozone sovereign debt market or they will risk a severe recession, according to the chief economist of the Organisation for Economic Co-operation and Development.

The warning came as the organisation slashed its half-yearly forecasts for growth within the world’s richest countries, and said activity in Europe would grind to a near-halt.
http://link.ft.com/r/S4XZQQ/R38ROM/5C0ZLF/ZG61NK/C49XTT/UP/h?a1=2011&a2=11&a3=28

No comments: