Europe Has ‘Big Problem’ of Slow Growth, U.S. Aide Atkinson Says
2014-10-08 20:07:51.540 GMT
By Danielle Trubow and Rebecca Christie
Oct. 8 (Bloomberg) -- “I’m sorry to say in Europe there is
still a big problem of slow growth,” White House Deputy
National Security Adviser for International Economics Caroline
Atkinson says.
* “There is a growing imbalance again with Europe as it has
moved into current-account surplus” because countries in
the periphery “have restricted their economies” while
nations like Germany and the Netherlands have maintained
surpluses, Atkinson says in Washington
* Surplus countries have “scope for investment,” Atkinson
says
* “We believe that it’s important to take measures in
productivity and supply and address long-term issues. The
most immediate issue is the shortfall in global demand,”
Atkinson says
* “It’s clear that we have been disappointed globally over a
number of years by a failure of quite too many
expectations,” Atkinson says
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporters on this story:
Danielle Trubow in Washington at +1-202-654-1261 or
dtrubow@bloomberg.net;
Rebecca Christie in Washington at +32-2-285-4307 or
rchristie4@bloomberg.net
To contact the editors responsible for this story:
Alan Crawford at +49-30-70010-6237 or
acrawford6@bloomberg.net
Brendan Murray
2014-10-08 20:07:51.540 GMT
By Danielle Trubow and Rebecca Christie
Oct. 8 (Bloomberg) -- “I’m sorry to say in Europe there is
still a big problem of slow growth,” White House Deputy
National Security Adviser for International Economics Caroline
Atkinson says.
* “There is a growing imbalance again with Europe as it has
moved into current-account surplus” because countries in
the periphery “have restricted their economies” while
nations like Germany and the Netherlands have maintained
surpluses, Atkinson says in Washington
* Surplus countries have “scope for investment,” Atkinson
says
* “We believe that it’s important to take measures in
productivity and supply and address long-term issues. The
most immediate issue is the shortfall in global demand,”
Atkinson says
* “It’s clear that we have been disappointed globally over a
number of years by a failure of quite too many
expectations,” Atkinson says
For Related News and Information:
First Word scrolling panel: FIRST<GO>
First Word newswire: NH BFW<GO>
To contact the reporters on this story:
Danielle Trubow in Washington at +1-202-654-1261 or
dtrubow@bloomberg.net;
Rebecca Christie in Washington at +32-2-285-4307 or
rchristie4@bloomberg.net
To contact the editors responsible for this story:
Alan Crawford at +49-30-70010-6237 or
acrawford6@bloomberg.net
Brendan Murray