Thursday, May 20, 2010

IMF Strauss-Kahn: Must Boost Growth In Germany, Europe: Press

FRANKFURT (MNI) - Growth in Europe is "by far" too low, and Germany and other European countries must "urgently" do more to accelerate economic expansion, International Monetary Fund Managing Director Dominique Strauss-Kahn said in an interview published Thursday.


Another situation in which a European country could be on the brink of a financial meltdown cannot be excluded, Strauss-Kahn said. "This all depends on what counter-measures are taken" in countries at risk, he explained to German daily Handelsblatt.

One lesson from the crisis is that "a single currency also requires a coordinated economic policy," he reiterated.

"Growth in Europe is by far too low," he said, citing low productivity as a reason. "Germany and the other countries must urgently do more to accelerate growth."

The 61-year-old Strauss-Kahn is considered a possible candidate for the Socialist Party in France's 2012 presidential elections.

No comments:

Post a Comment