The secretary general of the Organization for Economic Cooperation and Development (OECD), Angel Gurria, insisted on Sunday that the European Central Bank (ECB) should start buying bonds of states with debt problems “soon”, and that “one should not jeopardize” the continued euro .
“If we can have an ECB act to reduce market interest, why not?” Gurria said during a press conference in Slovenia. “The system is at stake, do not endanger the euro,” he continued.
Therefore, the question of whether the ECB should start buying bonds to halt unlimited market pressure is “Yes, I think it should, and the sooner the better.”
According to the secretary general of the OECD, the European Financial Stability Fund (EFSF) and the European Stability Mechanism (ESM, the new permanent bailout fund of the euro are not enough, not fast enough or have enough resilience.
Also Gurría warned that the eurozone should remain intact despite the crisis. “I think no one will leave the euro and no one should leave, “he said.