- US has a deep interest in the health of Europe’s economy
- Surplus nations in Europe could do more to boost growth
- Doesn’t know how effective ECB moves will be
- Says there’s still more to do in Europe but there’s been some progress
- US will keep encouraging Europe to take more steps
- Concerned that banking union goes far enough and fast enough
Moving onto the US he says that there’s a broad agreement that tax codes need to be fixed and that there’s no doubt that high business rate tax distorts decisions. Congress needs to ratify IMF quota reform and says that the IMF needs to keep being the first responder in a crisis
