Time is running out. That was the unmistakeable message from the OECD this week when the organization called for decisive action by euro zone governments to tackle the debt problems. What is discussed, in particular, is a tighter fiscal union, a stronger role of the ECB and euro bonds. A key to all this is Germany that is in favour of tougher fiscal discipline, but rejects a stronger ECB mandate and euro bonds. Host Stefan Grobe talks about the situation with Angus Campbell, Head of Sales at Capital Spreads/the London Capital Group in London. We also have stories on warnings from the OECD and ECB President Mario Draghi.