The OECD was born transatlantic since its very origins as the Organisation for European Economic Cooperation in 1948, established in the immediate post-war period to manage and distribute Marshall Plan aid to reconstruct Europe. The centre of gravity of the world economy is now shifting and will continue to do so but this does not mean that the Transatlantic Partnership has a lesser role to play on the global stage, said Angel Gurría.
In Europe, the two most pressing structural policy priorities that must be addressed are the challenge of unemployment and the restoration the health of euro area banks, said OECD Secretary-General in Brussels.
Vast amounts of money are kept off-shore and go untaxed. The more we do to combat tax fraud and evasion, the more resources we will have to finance growth-enhancing public investment, restore the health of public finances, and put the euro area economy back on a sustained and long-term recovery, said OECD Secretary-General.
Une reprise modérée est en cours dans les grandes économies avancées, d'après la dernière Évaluation économique intermédiaire de l'OCDE. La croissance avance à un rythme encourageant aux États-Unis, au Japon et au Royaume-Uni. La zone euro dans son ensemble est sortie de la récession bien que la production reste faible dans plusieurs pays.
L’activité économique mondiale se redresse, mais la crise persistante au sein de la zone euro retarde l’avènement d’une véritable reprise, selon la dernière Évaluation économique intermédiaire de l’OCDE.
Secretary-General Angel Gurría addressed OECD Ambassadors and others at the Nobel Peace Prize Ceremony held at the OECD on 10 December.
The euro area crisis finds its roots in the credit booms seen in many countries following the introduction of the euro in 1999. Easy credit led to strong growth in a range of sectors, notably housing, as well as higher levels of public spending. Inflation in these over-heating economies was higher than the euro area as a whole. Rising prices led to rising costs and a loss of international competitiveness.
Les rapports font l’analyse des questions clés qui sont nécessaires pour dégager le cadre de référence futur pour une bonne gestion de la politique et des réformes de réglementation.
by Charles Jenkins, Writer, Commentator and former Director of Western Europe Country Analysis, Economist Intelligence Unit, London. The EU’s crisis has as much to do with leadership and solidarity as resolving fiscal and debt problems. It is time to dispense with caricatures and write the next chapter in the EU’s ongoing history. And for that, clear and transparent data will be needed.
OECD Secretary-General Angel Gurría offers his congratulations and well wishes to representatives of the European Union on receiving the Nobel Peace Prize for 2012.