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13 December 2010
Last updated at 05:02 ET
Economic activity in the eurozone has picked up but the recovery is likely to be muted, the Organisation for Economic Co-operation and Development has said.
Countries using the euro must consolidate public finances even though this is likely to dampen economic growth in the near term, the OECD said.
Its report said as soon as risks of high inflation in the medium term emerge, the European Central Bank (ECB) should withdraw stimulus measures.
ECB interest rates stand at 1%.
The central bank's target for inflation is just below 2%.
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Countries using the euro must consolidate public finances even though this is likely to dampen economic growth in the near term, the OECD said.
Its report said as soon as risks of high inflation in the medium term emerge, the European Central Bank (ECB) should withdraw stimulus measures.
ECB interest rates stand at 1%.
The central bank's target for inflation is just below 2%.
Powered by WizardRSS | Best Membership Site Software