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Angel Gurría shares his views about issues on the 2009 Davos agenda. Beyond short-term expediency, politicians must figure out how to set a long-term course for the global economy. Along with more effective regulation, we need fairer social policies and an end to the bottlenecks that block competition and innovation and hamper sustainable growth. We must also find ways for governments to exit from their massive emergency interventions
Mr. Gurría underlined that business ethics should be at the center of any new road-map for the global economy. Markets should not only be more stable, but morally acceptable as well. He said that it is time to reunite ethics and economics through a solid, transparent and updated set of rules.
Guernsey and the United Kingdom have today signed a bilateral agreement for exchange of information for tax purposes bringing to 10 the number of such agreements entered into by Guernsey.
Marking 40 years of Finnish membership to the OECD, Secretary-General Gurría underlined that Finland has been crucial in supporting OECD work from development aid, environmental sustainability, effective and efficient government, employment policies to social cohesion enabling the OECD to build a more balanced and inclusive globalised world.
The crisis has shown the vulnerability of a global economy based on the idea that ever increasing production and consumption were the key to success, says OECD Secretary-General Angel Gurría.
Angel Gurría was in Helsinki for a two day official visit to attend the Solemn Seminar which marked 40 years of Finnish membership to the OECD. He also met with several government officials, business and trade unions representatives to discuss a range of key policy issues.
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.
Website of the Estonian Ministry of Foreign Affairs, with information on the OECD (in Estonian).
The OECD will release Financial Market Trends No. 95 on the OECD's password-protected website at 11.00 a.m. Paris time (10.00 a.m. GMT) on Thursday 8 January 2009 for immediate release (in English only).