OECD's Cotis worried over Europe's growth prospect

OECD Chief Economist Jean-Philippe Cotis said on Tuesday 21 February that European economic growth has been slowed by poor fiscal policies and weak channels of transmission for monetary policy.

"At the OECD ... we are quite worried about Europe's growth prospects," Cotis told the economic and financial committee of the European Parliament. "Slow growth largely reflects inadequate macroeconomic and social polices," he said.

"Growth has been hampered in Europe by inappropriate fiscal policies pro