Germany should spend more on eurozone recovery – IMF chief

Germany should spend more on eurozone recovery – IMF chief

Christine Lagarde, head of the International Monetary Fund (IMF) has urged Germany to increase spending to spur the eurozone’s flagging economic recovery, and said that a number of structural reforms are needed to revive the bloc’s growth.

“We think that public or private investment (in Germany) to finance infrastructure would be welcome,” Lagarde told French daily Les Echos in an interview on Monday, stressing this did not mean making the German economy less competitive.

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