19 Jun 2014
Schäuble and Lew agree more efforts should be made to boost growth
FXStreet (Łódź) - German Finance Minister Wolfgang Schäuble met with US Treasury Secretary Jack Lew in Berlin on Thursday to speak about the current economic situation and the conflict between Russia and Ukraine.
The German Finance Minister assured that the euro ceased to cause market disquiet but that more investment in infrastructure was still needed and that more efforts to boost growth should be made. He also stressed that G7 should work more on bank regulation.
Jack Lew stated that the US economy is expected to strengthen further in the second part of the year although more actions could be taken to boost growth. He also emphasized the need to stimulate global demand which is lagging behind in his opinion.
Lew added that if Russia continues to destabilize the situation in Ukraine, the international community is ready to react with new sanctions and other measures.
The German Finance Minister assured that the euro ceased to cause market disquiet but that more investment in infrastructure was still needed and that more efforts to boost growth should be made. He also stressed that G7 should work more on bank regulation.
Jack Lew stated that the US economy is expected to strengthen further in the second part of the year although more actions could be taken to boost growth. He also emphasized the need to stimulate global demand which is lagging behind in his opinion.
Lew added that if Russia continues to destabilize the situation in Ukraine, the international community is ready to react with new sanctions and other measures.