OECD issues European recession warning  The symbol of the
European common currency, the euro stands past the headquarters
of the European Central Bank.  Jeremy Hobson: There’s a new
warning this morning from the Organization for Economic
Cooperation and Development or OECD. It says the 17 nations that
use the euro are at risk of falling into a severe recession. The
OECD is calling on the European Central Bank, that’s Europe’s
version of the Federal Reserve, to do more to stem the crisis.
Marketplace’s European correspondent Stephen Beard is with us
live from London with more. Good morning Stephen.  Stephen
Beard: Hello Jeremy.  Hobson: So what exactly could the European
Central Bank do?  Beard: Well, what the bank has already done is
pump more than a trillion dollars into the European banking
system in the form of low interest, three year loans. Now that
held the debt writers at bay over the winter, but the effect is
now waning because of the political turmoil in Greece and the
political change in France. Th