The OECD adds to pressure on the ECB, calling on the bank to cut interest rates and increase its...

|By:, SA News Editor

The OECD adds to pressure on the ECB, calling on the bank to cut interest rates and increase its bond-buying. The organization warns a "large negative event," such as a sovereign default or euro fragmentation would send the OECD area into recession. As it is, the eurozone is already in such a situation, it said. (PR)