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The euro area must restore sustainable and balanced growth. Decisive action is needed to stabilise vulnerable euro area debt markets in the short run. But, a sustainable recovery can only be achieved with a sound financial sector and structural reforms to boost growth and ease the debt burden.
Euro area finance ministers meeting this week need to boost the firepower of the European stability funds to at least one trillion euros in order to restore market confidence, OECD Secretary-General Angel Gurría said today.
English, , 331kb
Overview - Euro Area Survey 2012
This paper sheds light on the impact of reforms over time, identifies the horizon over which their full effects materialise, and investigates whether such effects vary with prevailing economic conditions and institutions.
Poland has been a strong performer across the OECD through the global economic crisis, growing much faster than most other countries and making impressive steps toward reducing the income gap with its European Union partners, according to the OECD’s latest economic survey.
English, , 11kb
Statlinlk to graph - EU Survey 2012
This paper explores the short-term effects of labour and product market reforms through a dynamic general equilibrium model that features endogenous producer entry, equilibrium unemployment and costly job creation and destruction.
English, , 317kb
Overview - Eeuropean Union Survey 2012
Weak financial conditions, fiscal consolidation and economic adjustment are restricting demand in the short-term before the long-term benefits on stability and growth are felt, Mr Gurría said. Decisive action to restore confidence and support demand is needed now, he added.
Economic Surveys of the European Union and the Euro Area