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OECD calls for immediate eurozone rate cuts

The Organisation for Economic Co-operation and Development (OECD) has called on the European Central Bank (ECB) to immediately lower eurozone interest rates to get the region's economy back on track.

Presenting its Economic Outlook on Wednesday (24 May) in Paris - a half-yearly health check on the global economy - the organisation noted that overall statistics were bad for Europeans.

Prospects differ widely, ranging from "solid in Asia to back on trend in the United States, and we...

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

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Author Bio

Lisbeth founded EUobserver in 2000 and is responsible to the Board for effective strategic leadership, planning and performance. After graduating from the Danish School of Media and Journalism, she worked as a journalist, analyst, and editor for Danish media.

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