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.
–Frankfurt bureau; +49-69-720142; frankfurt@marketnews.com
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