Reply #69: There is no eurozone debt crisis: OECD chief

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http://news.xinhuanet.com/english2010/business/2011-05/20/c_13886117.htm

PARIS, May 20 (Xinhua) -- The secretary-general of the Orgnization for Economic Cooperation and Development on Friday voiced confidence in the euro's bright future, saying the current debt problem should not be called a "eurozone debt crisis."

"There is no eurozone debt crisis except in the larger sense of being an OECD debt -- not crisis -- but debt problem, debt challenge," Angel Gurria said at OECD headquarters in Paris.

"The OECD has 100 percent debt to GDP ratio today and that's obviously unsustainable," he said, "Problem, it's still growing!"

However, European countries have respective problems not linking to the others, Gurria said.