LOS CABOS--The head of the Organisation for Economic Cooperation and Development said Sunday he expects the European Central Bank to announce within the week powerful action to tame growing volatility in euro zone markets.
"It is high time and one of the reasons I have confidence is because we've run out of options," OECD Secretary-General Angel Gurria said in an interview.
"They're probably already doing it, I'm sure they're going to announce that they are already acting," he said, as world leaders convene in the Mexican resort city for a summit of the Group of 20 largest economies Monday and Tuesday.
OECD Sees ECB Action this Week to Tame Markets