WASHINGTON (Reuters) -The European Union needs to adopt only a small number of reforms to boost economic growth sharply, increase competitiveness and maintain welfare programs, Alfred Kammer, head of the IMF’s European department, told Reuters on Friday. “At the European level, we have some small reforms which we call a ‘down payment’, and they produce a higher GDP growth rate of, on average, 3% in 10 years’ time,” Kammer said.Read More
Europe needs to make a ‘down payment’ on reforms to sharply boost growth
