Tuesday, March 27, 2012

OECD Warns Eurozone on Need for Reform

The OECD has told the Eurozone that it needs to undertake "ambitious structural reforms" in order to avoid a further recession. It also warned that the financial backstop might need to be increased. Neither of these things is news, but the OECD statement may give cover to European leaders hesitant about what to do next.

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