BRUSSELS--Deflation risks in the euro area have risen and the European Central Bank should keep its interest rates at near zero over the medium term to tackle them, the Organization for Economic Cooperation and Development said in a report Thursday.
Showing posts with label OECD. Show all posts
Showing posts with label OECD. Show all posts
May 27, 2011
Europe faces hostile market over debts
# Geoffrey T. Smith and William Horobin
# From: The Wall Street Journal
THE European debt crisis loomed larger again today as officials worried that financial markets could thwart efforts to get countries such as Greece back on even fiscal footing.
Moody's Investors Service added to those concerns, warning that a Greek debt restructuring could affect the credit ratings of other European governments and would probably also lead to rating downgrades for Greek banks.
"The full impact on Europe's capital markets would be hard to predict and harder still to control. The fallout would have implications for the creditworthiness (and hence the ratings) of issuers across Europe," the Moody's report said.
# From: The Wall Street Journal
THE European debt crisis loomed larger again today as officials worried that financial markets could thwart efforts to get countries such as Greece back on even fiscal footing.
Moody's Investors Service added to those concerns, warning that a Greek debt restructuring could affect the credit ratings of other European governments and would probably also lead to rating downgrades for Greek banks.
"The full impact on Europe's capital markets would be hard to predict and harder still to control. The fallout would have implications for the creditworthiness (and hence the ratings) of issuers across Europe," the Moody's report said.
Russia To Join OECD Anti-Bribery Group
by Tatiana Smolenskaya, Tax-News.com, Moscow
Russia has been asked to join a key Organization of Economic Cooperation and Development (OECD) group committed to the fight against bribery, and to accede to the Organization's Anti-Bribery Convention, a move seen as an important step in Russian membership negotiations.
Letters were exchanged between OECD Secretary General Angel Gurría, the Russian First Deputy Minister of Foreign Affairs Andrey Denisov, and the country's Minister for Economic Development during the OECD Ministerial Council Meeting on May 25, formally inviting Russian participation in both the OECD’s Working Group on Bribery and the Convention.
Russia has been asked to join a key Organization of Economic Cooperation and Development (OECD) group committed to the fight against bribery, and to accede to the Organization's Anti-Bribery Convention, a move seen as an important step in Russian membership negotiations.
Letters were exchanged between OECD Secretary General Angel Gurría, the Russian First Deputy Minister of Foreign Affairs Andrey Denisov, and the country's Minister for Economic Development during the OECD Ministerial Council Meeting on May 25, formally inviting Russian participation in both the OECD’s Working Group on Bribery and the Convention.
Subscribe to:
Posts (Atom)