Eurozone growth could stay sluggish till 2020, OECD warns

The OECD has voiced concerns about the economic prospects of the eurozone if structural reforms are delayed further.

The Paris-based club of the world's 30 richest countries published its regular report on the development in the 12 member states of the European monetary union on Tuesday (12 July).

The paper argues that economic growth in the area will be half of its current level in two decades if the countries' governments fail to implement necessary reforms.

It spells out...