IMF's Lagarde urges Germany to spend more aid recovery

GMT 21:51 2014 Monday ,08 September

Arab Today, arab today IMF's Lagarde urges Germany to spend more aid recovery

International Monetary Fund (IMF)
Paris - SPA

International Monetary Fund (IMF) head Christine Lagarde urged Germany to increase investments to help spur the euro zone's flagging economic recovery, adding that the bloc as a whole needed to make more structural reforms, Reuters reported.
With the euro zone economy in the doldrums, the European Central Bank announced on Thursday a series of measures to stimulate growth, with its president Mario Draghi expanding on a call for governments to support this process with extra spending.
Echoing that sentiment, Lagarde told daily Les Echos in an interview the process could be aided by Germany, which is borrowing at record-low rates and on track to record a public sector surplus for the third year running.
'We think that public or private investment (in Germany) to finance infrastructure would be welcome,' she said, stressing this did not mean making the German economy less competitive.

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