March 27, 2012

The 17 countries that use the euro need to build a (EURO)1 trillion ($1.3 trillion) firewall to help the struggling currency union return to growth, the head of the Organization for Economic Cooperation and Development said Tuesday.

Angel Gurria, the secretary-general of the Paris-based international development body, said existing plans for a (EURO)500 billion ($664 billion) European rescue fund were not enough to restore market confidence in the eurozone.

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