Topic: Angel Gurria

Market patience with U.S. and UK could change: OECD chief

LONDON (Reuters) - Markets are relatively patient about the budget-cutting efforts of Britain, the United States, Germany and Japan, but that could change if governments are slow to act, OECD chief Angel Gurria said on Thursday.Asked why the British gover

Policymakers urge clear plans for cutting deficits

MONTREAL (Reuters) - Countries with big deficits must offer clear plans on how they will balance their budgets to maintain investor confidence and avoid problems seen in Europe, top economic policymakers said on Monday.The warnings came after finance mini

Spain braces for protests against pension plan

Spain's debt-laden Socialist government Tuesday faced the first mass protests by unions in its six years in power as anger over a plan to raise the retirement age was set to spill into the streets.The country's two largest unions ...

Israel likely to join OECD in 2010

Israel is on track to join the Organisation for Economic Cooperation and Development this year, the group's secretary general said Tuesday after signing a key agreement to push the process forward."We are probably going to complete (the membership process

OECD sees chance of global recovery by year-end

MADRID (Reuters) - Contraction in world economic output appears to be slowing and a recovery could begin at the end of this year, Organization for Economic Development and Cooperation (OECD) chief Angel Gurria said on Friday.Indicators ranging from U.S. h

OECD sees chance of 2009 global recovery

MADRID (Reuters) - The pace of contraction in world economic output appears to be easing and recovery could begin at the end of this year, Organization for Economic Development and Cooperation (OECD) chief Angel Gurria said on Friday.Indicators ranging fr

Social, economic stability inseparable: G8

The world economy cannot recover without concrete steps to assure social stability, Group of Eight labour ministers said Monday as the OECD warned of deep recession in wealthy countries and worldwide hardship."Strong international coordination is vital to

OECD warns of 'fully blown social crisis'

The Organisation for Economic Cooperation and Development warned Monday of a "fully blown social crisis" and said restoring global economic growth was a moral responsibility."Restoring global growth is an economic and political priority, but also an ethic
The global economic crisis will push up unemployment by up to 25 million by 2010, the OECD head forecast on Monday, saying there had been a "truly scandalous failure" of regulatory supervision."We're heading for a loss of between eight and ...