- WASHINGTON: The head of the International Monetary Fund is calling for more economic cooperation among members of the European Union to break the shackles of low growth.
Dominique Strauss-Kahn says dynamic areas of the world such as Brazil, India and China are bolting ahead as Europe risks being left even further behind.
Speaking Friday at a banking conference in Frankfurt, Germany, he said Europe must adopt a comprehensive growth strategy where every country benefits from the efforts of the others.
Strauss-Kahn said that while budget deficits must shrink in some European countries that he did not name, in other nations, particularly Germany, growth will need to become more domestically driven.