The US and Canada have urged the EU to resolve its internal political differences and do more to stimulate its economy, amid concerns the bloc could impede a global recovery as geopolitical tensions and financial market risks grow.
“If the efforts to boost demand are deferred for too long there is a risk that the headwinds get stronger,” Jack Lew, US Treasury secretary, said yesterday at a G20 meeting of finance ministers and central bankers.
He said the US had “philosophical differences with our friends in Europe” and called on European countries to agree to boost short-term demand to stimulate growth.
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