The Organisation of Economic Cooperation and Development has warned that the eurozone’s debt crisis is not over and banks in the bloc remain weak.
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/ 25 February 2012
The head of the OECD has said that the eurozone needs to build "the mother of all firewalls" to prevent the crisis from spreading throughout the bloc.
The OECD and South Africa are getting tough on public debt and cash management in Africa by setting up a centre to reduce the cost of managing debt.
The Organisation for Economic Cooperation and Development on Tuesday released a key report on the economic status of South Africa.
The United Nations urged a summit on the global food crisis on Tuesday to help stop the spread of starvation threatening nearly one billion people by lowering trade barriers and removing export bans. ”Nothing is more degrading than hunger, especially when man-made,” UN Secretary General Ban Ki-moon told world leaders.
Food prices are soaring, a wealthier Asia is demanding better food and farmers can’t keep up. In short, the world faces a food crisis and in some places it is already boiling over. Around the globe, people are protesting and governments are responding with often counterproductive controls on prices and exports.