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PARIS (Reuters) - The euro area is headed towards a sharp economic slowdown in 2012, with some countries set for negative growth, and failure to restore confidence in battered state finances could prompt a major contraction in developed countries, the OECD said on Monday.<img width='1' height='1' src='http://mf.feeds.reuters.com/c/871/f/415342/s/19b20577/mf.gif' border='0'/><div class='mf-viral'><table border='0'><tr><td valign='middle'><a href="http://res.feedsportal.com/viral/sendemail2.html?title=Euro+area+growth+to+slow+sharply%3B+debt+crisis+key+-+OECD&link=http%3A%2F%2Fuk.reuters.com%2Farticle%2F2011%2F10%2F31%2Fuk-economy-oecd-idUKTRE79U1YW20111031%3FfeedType%3DRSS%26feedName%3DtopNews" target="_blank"><img src="http://res3.feedsportal.com/images/emailthis2.gif" border="0" /></a></td><td valign='middle'><a href="http://res.feedsportal.com/viral/bookmark.cfm?title=Euro+area+growth+to+slow+sharply%3B+debt+crisis+key+-+OECD&link=http%3A%2F%2Fuk.reuters.com%2Farticle%2F2011%2F10%2F31%2Fuk-economy-oecd-idUKTRE79U1YW20111031%3FfeedType%3DRSS%26feedName%3DtopNews" target="_blank"><img src="http://res3.feedsportal.com/images/bookmark.gif" border="0" /></a></td></tr></table></div><br/><br/><a href="http://da.feedsportal.com/r/117146280488/u/0/f/415342/c/871/s/19b20577/kg/268/a2.htm"><img src="http://da.feedsportal.com/r/117146280488/u/0/f/415342/c/871/s/19b20577/kg/268/a2.img" border="0"/></a> [More]

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