U.S. Treasury Secretary Jack Lew has renewed calls for Europe to pursue growth-boosting policies rather than austerity in a press conference with French Finance Minister Pierre Moscovici in Paris.
On the first day of his three-day trip to France, Germany and Portugal, Lew said Europe needed a growth plan “rooted in investment and demand”.
“Obviously we have been, over the years, concerned about maintaining demand in Europe and around the world. We think it is important here in Europe, in the U.S. and in Asia. We look at a growth agenda and it has to be rooted in investment and demand,” he told journalists at the Parisian Ministry of Economy and Finance on Tuesday.
“There needs to be some more growth in Europe and in Asia and we are doing are best to promote growth in U.S.”
