OECD
Greece
OECD Head Says Greece Should Stay in Eurozone
PARIS - Despite a crushing economic crisis, Greece should stay in the Eurozone of the 17 countries using the euro as a currency, but must continue to implement reforms at the same time, Angel Gurria, Secretary-General of the OrgThe...
Economy
OECD: Greece Seen in Recession Until Mid-2013
Greece's battered economy will keep shrinking until mid-2013 as fiscal belt-tightening continues to weigh while austerity fatigue may hamper the pace of reforms, the OECD projected in its May outlook on Tuesday.
The twice bailed-out country is headed for crucial...
Economy
Greece Gets it Loan, but Worries Mount Faster
ATHENS – After weeks of anguish, Greeks found out that international lenders providing the country with a series of bailout loans will release a delayed $11 billion installment needed to keep paying workers and pensioners, but it curiously did...
Economy
OECD Sees Greek Recession Deepening, Downside Risks
Greece΄s economy is expected to shrink 6.1% this year and 3.0% next year, the Organization for Economic Cooperation and Development said Monday, taking a bleaker view of the country΄s deepening recession than that held by Greece΄s official lenders.
Despite that,...
Europe
OECD:The European Agreement Has Little Effect on Amount of Greek Debt
The Organisation for Economic Co-operation and Development (OECD) believes that the additional money to be given and the Greek debt restructuring agreed upon recently by European leaders will offer Greece the necessary time to move on with its reforms.
However, the...