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Lew (r) - the US has an 'immense stake' in seeing the euro-crisis come to an end (Photo: Joerg Rueger/German ministry of finance)

US keen for Germany to lead EU out of crisis

US treasury secretary Jack Lew on Tuesday (9 April) hinted that Germany should boost its internal demand to help Europe get out of the crisis.

But German finance minister Wolfgang Schaeuble said Berlin has no need for US tutelage.

"We need to balance policies of growth and fiscal consolidation. The driving force behind any recovery is consumer demand, so any policies to help encourage consumer demand in countries that have the capacity would be helpful," Lew said during a joint p...

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Lew (r) - the US has an 'immense stake' in seeing the euro-crisis come to an end (Photo: Joerg Rueger/German ministry of finance)

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