"The current financial crisis is going to leave 'permanent scars' and government leaders must prepare to face new realities such as higher unemployment level and lack of credit, the head of the Organization for Economic Cooperation and Development (OECD) said on Monday [in an interview with Canadian CTV]. OECD Secretary-General Angel Gurria, in Montreal for the 15th annual International Economic Forum of the Americas, said the recession has been so widespread that it will likely bring about new realities...." [Xinhua/Factiva]
AFP adds that "... 'We may find in the future that unemployment remains at a higher level than we had before,' Gurria said.... Moreover, lack of credit and investment, particularly in research and development, will block growth in several countries, he added...." [Agence France Presse/Factiva]
In related news, EFE writes that "...talking about Latin America, Gurria indicated that 'the region is feeling the consequences of a problem that it did not create and a situation that originated in the industrialized countries.'...
He added, 'It is not that the region must change policies but that it needs support so that it can be compensated for the enormous damage it has suffered without guilt. This is the reality for most of the developing countries.'..." [EFE/Factiva]
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