Angel Gurria

Angel Gurria News

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  Bank of Korea Holds Rate for 11th Month on European Woes

  The Bank of Korea held off from altering borrowing costs for an 11th straight month after inflation eased and policy makers cut their forecasts for economic growth.

• South Korea’s Current-Account Surplus Widens in March

  South Korea’s current-account surplus widened in March to a four-month high as overseas shipments of cars, electronics and oil products rose while the European debt crisis weighed on global demand.

• OECD’s Gurria Says ECB Should Accept Losses on its Greek Bonds

  Angel Gurria, secretary general of the Organization for Economic Cooperation and Development, said the European Central Bank should accept losses on its portfolio of Greek bonds to help the euro-area nation.

• Greece Certain to Find ‘Life After Debt,’ OECD’s Gurria Says

  Greece will overcome its fiscal problems and find that “there’s life after debt,” said Angel Gurria, secretary general of the Paris-based Organization for Economic Cooperation and Development.

• OECD’s Gurria Says Greek Debt Rescheduling a ‘Good Idea’

  OECD Secretary General Jose Angel Gurria said he thinks it would be a “good idea” for investors to extend the maturities of Greece’s debt to allow the country more time to implement fiscal restraint.

• OECD’s Gurria Says ECB Should Cut Its Benchmark Rate Today

  The European Central Bank should cut its benchmark interest rate today and authorities should introduce new bank stress tests that fully take into account a sovereign default, said Angel Gurria, secretary general of the Organization for Economic Cooperation and Development.

• Gurria Says G-20 Countries Are Out of Public Money for Economic Stimulus

  Leaders of the Group of 20 countries must agree on non-fiscal measures to boost their economies at their next meeting because they are running out of government money to fuel the global recovery, Angel Gurria said today.

• OECD’s Gurria Says Food Production Needs ‘Big’ Investment Boost

  OECD Secretary General Jose Angel Gurria said boosting food stockpiles in emerging and developing nations will require increased government and private spending.

• OECD’s Gurria Says Reforms Needed to Avert ‘Mediocre’ Decade

  The largest developed nations must improve education and fiscal reforms to prevent the economic malaise that followed the financial crisis from extending for a decade, said Angel Gurria , secretary-general of the Organization for Economic Cooperation and Development.

• OECD’s Gurria Says Euro Area Doing ’Very Well’ Managing Crisis

  Angel Gurria , secretary-general of the Organization for Economic Cooperation and Development, comments on the euro area’s effort to bolster the 750 billion- euro ($1 trillion) backstop set up last May to stem the debt crisis. He spoke in an interview today in Brussels.

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Quote

• "If we fail to transform our policies and behavior, the picture is rather grim."

  - Angel Gurria on Mar 15, 2012

Related Topics

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  Greece

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  Europe

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  European Central Bank

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  South Korea

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