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Germany Closer To Right Balance On Growth: U.S.'s Jack Lew

wochit business
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January 08, 2014 AT 9:39 AM
Germany is moving in the right direction in striking a balance between economic growth and fiscal consolidation, but should continue to look for ways to spur domestic demand, U.S. Treasury Secretary Jack Lew said on Wednesday. "Over the course of this past year, I think we've seen very constructive movement to get the balance right between fiscal consolidation and growth," he said, in a joint news conference with his German counterpart Wolfgang Schaeuble. "We have made very clear that we think that more domestic demand and investment would be a good thing," Lew stated. German Finance Minister Schaeuble said "important steps" have been taken globally: