News Headline Summary

OECD's secretary general Gurria says US fiscal cliff and Euro-Zone crisis are both very serious

Gurria says:

- Biggest risk to US growth is uncertainty and a lack of trust.
- ECB could pass profits on Greek debt to Greece.
- Euro-Zone states could lower rates on Greek debt.
- Greek debt buyback worth being thoroughly explored.
- Greek debt buyback is technically possible.
- Would like to see Spain make a bailout request.
- Spanish aid request would have a salutary effect on markets.

Print 23:29, 04 Nov 2012 - Asian News - Source: Newswires