SEOUL, Sept 28 (Reuters) - The economic situation in Ireland is different from the Greek crisis because the problems with Ireland are known ones and there are new tools available, the OECD's chief economist told Reuters on Tuesday.
"We know what the problems are. We know that in the case of Ireland, the problem was an unsustainable growth model," Pier Carlo Padoan, chief economist at the Organisation for Economic Co-operation and Development (OECD), said in an interview.
"So we know what the solutions are - there's nothing new. It is not nice but we know what it is," he said on the sidelines of a conference in Seoul.
Padoan added that he believed global recovery would continue to move ahead, although at a slower pace, "for a number of reasons", including resilient world trade and bright prospects for corporate investment. (Reporting by Yoo Choonsik; Editing by Chris Lewis)