OECD warns euro zone on growth, deficits

In its latest survey of the 12 nation euro zone the OECD highlighted a persistent lag in innovation and research in the bloc compared with other advanced countries. The Paris based organisation also urged fiscal discipline.

Source: AFP

The euro zone faces only a tepid economic recovery, may need further interest rate cuts and must enforce discipline over public deficits, the OECD warned here Thursday.

The Organization for Economic Cooperation and Development, in its latest survey of the 12 natio