Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Davos 2013: Heard in Davos

By Bloomberg Briefs - 2013-01-25T17:28:51Z

Photograph by Chris Ratcliffe/Bloomberg

Company Symbol % Change
4 of 24

Angel Gurria

OECD Secretary General:

Policy makers in the euro area should push ahead with deficit cuts and avoid the "false dilemma" of the austerity debate. "You need fiscal consolidation in many countries and at same time you need to plant the seeds of future growth. Let's go for the reforms, accelerate the reforms, so we can consolidate the recovery. If you really want to go for a durable recovery, you really have to go for the fundamental measures. Some of these take a long time to get results but today, paradoxically, your best short term policies may be your best long term reforms. The announcement and communication of where you want to go may be your best bet."

Advertisement