The European Central Bank should do more to stem the crisis in the euro zone because the current financial facilities are not enough, the secretary-general of the Organisation for Economic Cooperation and Development (OECD) said on Sunday.
"If you have the ECB which can work in the markets in order to bring down maturities then why not?» Angel Gurria told a news conference during an international business and political conference in Slovenia.

"The system is at stake, the euro should not be put at risk...the EFSF and the ESM are not enough, fast enough, reactive enough,» Gurria added.

He was referring to the European Financial Stability Facility and the European Stability Mechanism, the new, permanent euro rescue fund seen as a key fiscal pillar in Europe's efforts to stem the crisis.