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The onset of recession amid tumbling inflation and continued financial market turmoil is posing considerable challenges for macroeconomic policy and ECB financial market operations.
The economic downturn and the financial turmoil are intensifying fiscal pressures. In the longer-term, progress towards fiscal sustainability and improving the quality of the public finances remain priorities.
Financial innovation and market integration have deepened linkages between euro area markets and institutions, possibly affecting the speed and channels of area-wide monetary policy transmission.
Nigel Pain, OECD Senior Economist, on the Challenges facing the Euro Area Economy
According to Mr. Gurría, the first decade of Economic and Monetary Union (EMU) has been a success, but the onset of recession amid ongoing financial turmoil has created new challenges for monetary and fiscal policy implementation, liquidity management and the regulation and supervision of European financial institutions.
The OECD Development Centre, the Inter-American Development Bank and the French Ministry of Economy, Industry and Employment will hold on 25 January 2010 this high-level event.
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Links to EU sites on agri-environmental issues.
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Agri-environmental indicators for the European Union and data on the environmental performance of EU agriculture. Extract from the publication Environmental Performance of Agriculture in OECD Countries since 1990 (2008).
The European Commission, on behalf of the EC, disbursed some USD 10 billion in official development assistance (ODA) in 2006, making it the sixth largest donor amongst the members of the OECD's Development Assistance Commitee (DAC).
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This note, taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2007, contains information about the progress in implementing reforms in line with the 2006 priorities for the European Union.