Thursday, 23 October 2014 - 9:05
US Treasury chief urges Germany to boost growth
US Treasury Secretary Jacob Lew, in a meeting with German Economy Minister Sigmar Gabriel, called on Germany to boost public spending to stimulate stuttering eurozone growth.
Lew and Gabriel, who met in Washington, discussed the slowdown in global economic growth and particularly in the 18-nation eurozone.
The Treasury chief "emphasised the importance of strengthening public investment, and urged German and other European leaders to boost domestic demand as part of an appropriate fiscal, monetary, and structural policy mix," the department said in a statement.