InfoAnda - OECD warns eurozone on debt

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Vietnam donors up aid pledge by 33 percent: government | 5 December 2009
French legionnaire in Chad kills four | 8 April 2009
General Motors China sales up 22.3% in January | 9 February 2011

N.Korea lashes out at UN drive over warship | 6 June 2010

Forum Views () Forum Replies ()

Read more with google mobile : OECD warns eurozone on debt

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Top Stories Most Popular Photos Full Coverage Sitemap OECD warns eurozone on debt AFP - 30 minutes ago Send IM Story Print PARIS (AFP) - – Eurozone nations are enjoying a sustained if muted recovery but need to adopt tough measures to correct economic imbalances and must soon begin to cut their massive debt loads, the OECD said on Monday. The eurozone should also put in place a permanent crisis resolution mechanism that would force nations to carry out reforms to get aid, the OECD said, an issue European leaders are expected to tackle at a summit later this week. In its latest survey of the 16 nations which share the euro, the Organisation for Economic Cooperation and Development said a "gradual and sustained recovery" is underway in the but that "the pace of recovery is likely to be muted." Growth in the eurozone is likely to come in at 1.7 percent this year and in 2011 and then rise to 2.0 percent, according to the OECD's latest forecast. With jittery government debt markets having forced both Greece and Ireland to seek international bailouts this year, the OECD urged the eurozone states to quickly slash deficits and debt despite the slow pace of growth. "Fiscal consolidation is the immediate priority to stabilise the public finances and should begin by 2011 at the latest in all countries." The report said that while some countries have in fact begun to cut their deficits, they should all adopt "credible and detailed medium-term plans" as part of efforts to better manage fiscal policy. But eliminating public deficits could still leave eurozone countries with high debt levels, leaving them in a poor position to respond to future crises and the costs of their ageing populations, it noted. "Prolonged consolidation is thus required in most countries to reduce the debt-to-GDP ratio to prudent levels," said the OECD. It also urged eurozone countries to undertake reforms of their protected labour and product markets, which would not only help adjustment within the monetary union but would drive the growth needed to reduce debt levels. "Structural reforms in labour and product markets would facilitate economic adjustment and will be particularly important for achieving vigorous growth in coming years," the report said. Noting that the eurozone's current policies were insufficient to prevent the imbalances that led to the debt crisis, it called for a "reinforced Stability and Growth Pact (SGP)" to discipline with sanctions those who fail to bring their budgets and debt levels into line. The OECD also called for the eurozone to establish a "credible mechanism for fiscal crisis management" that would make receiving aid conditional on undertaking needed reforms and adjustments. "For solvent countries facing liquidity pressures, this should involve a permanent liquidity-support mechanism subject to strong conditionality," said the OECD, adding that contingency plans for withdrawing aid to states that fail to meet conditions should be drawn up. Conditionality on the 110-billion-euro (145.5-billion-dollar) Greek and 85-billion-euro Irish bailouts has been enhanced by the involvement of the International Monetary Fund, an issue which intitially was very controversial. European leaders are expected to move forward at a summit later this week on developing a permanent European Stability Mechanism to replace the temporary 750-billion-euro rescue measures that end in 2013. In a separate report, the OECD said its index of composite leading indicators showed that for the United States, China and to a lesser extent France showed "signs of improvement" in October compared to September. In Germany and Japan the indicators "show moderation toward a stable pace of expansion" but economic recovery in Southeast Asian nations was now losing steam, the OECD said. Recommend Send IM Story Print News Search Top Stories WTO rules against China over tyre exports to US Oil prices rally above 91 dollars OECD warns eurozone on debt Moody's says Spain banking outlook "negative" Hurley confirms separation as Warne 'affair' revealed More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Hurley confirms separation as Warne 'affair' revealed Amanda Knox breaks down in Italy sex-murder trial Forex market jumps thanks to electronic revolution: BIS UK rioters 'made contact' with duchess in fees protest Russia's Putin sings Armstrong for Hollywood stars More Most Viewed » NASA finds new form of life... on Earth US, S.Korea plan war games after N.Korean attack Defiant Obama defends tax cuts, eyes 2012 More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Weekend Edition Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Entertainment Photos Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Monday, 13 December 2010
Afghan insurgents kill at least six foreign soldiers
Hundreds rally in Russia in support of Khodorkovsky
Berlusconi will lose confidence vote: Fini
Rough road ahead for new U.S. Mideast peace push
Gbagbo accuses foreign powers of wooing I.Coast army
Berlusconi's survival hopes finely balanced |
UK rioters 'made contact' with duchess in fees protest
Sudan group in legal challenge to independence vote
Suicide bombing kills 6 NATO troops in Afghanistan
China says will be patient in pushing for North Korea talks |
Car bomb kills 6 NATO troops in Afghanistan
Lee, Nehwal take titles in Hong Kong
Bangladesh shares suffer record fall
Dutch release man accused of cyber attacks |
Microfinance pioneer Yunus criticises Indian lenders
Dubai movie fest opens with Firth film
Malaysia sees sharp FDI rebound in first nine months
China vows stable growth, inflation management
Jailed Afghan drug lord was CIA informant: report
German finance minister criticises bailout 'speculation'
US-TECH Summary
South Korean ship sinks off Antarctica, at least 5 dead |
Sand, snow, thunderstorms wreak Mideast havoc
Liz Hurley confirms separation, Warne 'affair' revealed
Italy's Berlusconi tipped for defeat as supporters rally
Amazon websites outage was due to hardware failure
China releases long-serving dissident from jail: group |
Cancun reignites climate talks flame
Dutch release man accused of cyber attacks
Russian spy named advisor for oil company Rosneft: report |
Islamist website identifies Stockholm bomber
African health research has solutions but no support
Suicide bombing kills 6 NATO troops in Afghanistan
Forex market jumps thanks to electronic revolution: BIS
France's Le Pen under fire for Muslim 'occupation' claims
China's envoy: hopeful of free trade talks with India |
Dutchman held over sexual abuse of up to 50 children |
Japan ruling DPJ presses kingpin for ethics panel |
Iran not a rogue state: Australia |
Ambassadors urge trust in Haiti vote review
Australia fears Israeli strike on Iran: cables
COMMENTARY: India's higher courts in the dock
Oprah sails Sydney Harbour with Russell Crowe
Amazon websites outage was due to hardware failure |
Uncertainty over South Korean economy: bank
Restorers put finishing touches to Leaning Tower of Pisa
Senior U.S. diplomat Richard Holbrooke critical after surgery
China defends its global rise
Judge dismisses Paul Allen firm's patent lawsuit |
Pompeii collapse forces Italy into heritage debate
South Korea ship sinks off Antarctica
Ex-US intel chief foresees SKorea military action
New Jackson album: a thriller from beyond the grave?
Seoul shares end up 0.5 pct on techs, banks
China uncovers 2,400-year-old soup: state media
US-ENTERTAINMENT Summary
Foreign moviegoers rescue ailing "Narnia"
Shanghai aims to launch 24-hour trading by 2020
China releases long-serving dissident from jail
Underdogs Amazon, Target take aim at iTunes, Walmart |
L.A. film critics befriend "Social Network"
S.Korea regulator sees regulation scope widening
COMMENTARY: Strange outcome of Cancun conference
Narnia's subdued magic at American box office
22 presumed dead as S.Korea trawler sinks
South Korea T-bond futures slide as won weakens
Taiwan sells T$30 bln T-bills at 0.7 pct yield
Iran not a rogue state
Pakistan
Powerful 6.1 quake hits Papua New Guinea
Seoul shares open up modestly on banks
China's Wen to visit India amid disputes
NZ coal mine placed in receivership by shareholder
Glee throws lifeline to music industry |
L.A. film critics befriend Social Network |
Foreign moviegoers rescue ailing Narnia |
Underdogs Amazon, Target take aim at iTunes, Walmart |
IBM pitches "smart" cities as planet savers
Appy ever after: smartphone users find virtual girlfriend
Moody's says Spain banking outlook "negative"
Stockholm bomber aimed for major targets: prosecutor |
2010 -- the year tablet computers came of age
British police join probe into Sweden blast
OECD warns eurozone on debt
Iranian president sacks foreign minister: report |
Lenovo eyes rising margins on appreciating yuan
Pompeii collapse forces Italy into heritage debate
Israel welcomes shift in U.S. peace effort
Berlusconi warns of crisis ahead of crucial vote |
Judge dismisses Paul Allen firm's patent lawsuit
Accidents linked to bad weather kill 18 in Egypt
Israel welcomes shift in U.S. peace effort |
Artists, politicians write letter to free Iran's Ashtiani
Afghan MPs demand president form new parliament |
Kurdish 'self-determination' call sparks Iraqi ire
French nursery hostage drama ends safely |
US envoy Holbrooke remains in 'critical' condition
2010 -- the year tablet computers came of age
India protests U.S. frisking of top diplomats |
Arrests in Afghan attack that killed 6 US troops
Kosovo PM claims victory, rivals refuse to concede |
6 NATO troops killed by Afghan bomb were Americans
Blast hits school bus in Pakistan: police |
Bangladesh garment protests spread after deaths
Suicide bomber kills 4, wounds 17 in Iraq |
Malaysia, Brunei end spat over oil blocks
Hard-line Islamists break up church service in Indonesia
FEATURE: Building (digital) nationalism
Bomb hits school bus in Pakistan
Voice on Michael Jackson album far from finished article
ANALYSIS: Thailand's opposition party faces another test
"Black Swan" leads Critics' Choice award nominees
Hurley confirms separation amid 'Warne affair'
Foreign players add spice to Asean football
Decorator wins British X Factor as 20 mln tune in
"Yogi Bear" may send viewers into hibernation
Music labels reach fans with multiplatform apps
Get smart: Techie gifts for fitness fanatics |
Thaksin's US hearing put off
HK media group condemns attack on reporters in China
WikiLeaks rival Openleaks coming soon: website |
Music labels reach fans with multiplatform apps |
Dell to buy Compellent for $960 million |
Lenovo eyes rising margins on appreciating yuan |
Nokia's Navteq buys traffic service Trapster |
Embattled Indonesian Christians seek protection
Asia retail sales tipped to be double US by 2014
Voice on Michael Jackson album far from finished article |
Pakistan c.bank raises 31 bln rupees from Islamic bond
Black Swan leads Critics' Choice award nominees |
Yogi Bear may send viewers into hibernation |
Music labels reach fans with multiplatform apps |
Underdogs Amazon and Target take aim at iTunes and Walmart
"Glee" throws lifeline to music industry
Pakistani stocks end lower; rupee firms; o/n rates flat
Asian stocks jump on Wall Street gains, China optimism
Reckitt buys India's Paras Pharmaceuticals
Tokyo bourse, Hanoi exchange in cooperation deal
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01