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Europe must 'boost demand' to revive economy, US warns
Last edited Sun Sep 21, 2014, 01:32 PM - Edit history (1)
The US Treasury Secretary has urged eurozone countries to "boost demand" in order to reduce unemployment and avoid deflation.
Jack Lew was speaking at a meeting of the G20 group, which includes several of the world's largest economies.
Earlier this month, the European Central Bank introduced new measures to stimulate the area's flagging economy.
However it has stopped short of adopting the policies favoured by its US counterpart, the Federal Reserve.
http://www.bbc.co.uk/news/business-29300509
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