IMF chief: Eurozone has tools for greater growth if it learns from US

The head of the IMF, Kristalina Georgieva, was speaking at a panel in Davos alongside ECB President, Christine Lagarde.

Transcript

00:00The Eurozone should learn from the United States if it wants to compete more efficiently

00:05for global investment, said the managing director of the International Monetary Fund, Kristalina

00:11Georgieva, on Friday.

00:15She urged Europeans to develop a culture of confidence rather than modesty.

00:21If something is done really fantastically well, my parents would say not too bad.

00:29That was the highest praise.

00:31And in the U.S., you just move your legs and you're fantastic.

00:36You blink and you're great.

00:38Georgieva said one area for improvement in the EU is progress on a unified market.

00:44Country-specific laws are a hindrance to cross-border investment, forcing companies to be more reliant

00:49on banks rather than private investors for loans.

00:53The IMF's most recent economic outlook projected growth for 2025 at 2.7% in the U.S. and 1%

01:01in the Eurozone.