The quick action by EU leaders pledged to adopt crisis measures is the key to the recovery of the global economy, the OECD said on Monday.
The euro area should include the interest rates and countries should take a stronger public finances in the short-term measuresto stimulate growth,

Organization for Economic Cooperation and Development said.

A few days before the G20 group of advanced economies gatherfor a summit in the French city of Cannes and pour a few days after a historic summit of the debt crisis in the euro area, the OECD called on leaders to take urgent action to restore confidence in the markets recover.

“Much of the current weakness is due to a general loss of confidence in the ability of the policy, the implementation of appropriate responses,” said OECD in a statement.

“It is therefore imperative to act decisively to restore confidenceand strategies to regain long-term sustainability of public finances to implement …” he added.

Interest rates should be reduced as much as possible, continue to stimulate growth.

“In advanced economies of the G20, interest rates should remainon hold or, if possible, be reduced, especially in the euro area,” said the OECD.

“Further monetary easing, even by unconventional measureswould be justified if intensified the downside risks,” he added.