GBP CBI Realized Sales -11 4 -1

FTSE 100 sharply lower at midday after OECD predictions

ECB needs to come to euro zone's rescue again - OECD

(Reuters) - The European Central Bank, which shored up the euro zone last year, needs to act again to lift the bloc out of recession, the OECD said on Wednesday, calling for bold steps beyond just interest rate cuts.

The 17-nation euro zone is suffering its longest economic downturn since its creation in 1999, weakened by public debt and banking crises that have nearly shattered the currency area.

FTSE 100 tumbles as OECD outlook spooks investors