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Ex-IMF chief calls for union in Europe

12-20-2011 10:37 BJT

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On a trip to Beijing, the former head of the IMF, Dominique Strauss-Kahn called for closer integration of the European Union. He was speaking at a business forum organized by Chinese internet company Netease. This is his first public appearance since allegations of sexual assault forced the former Managing Director to resign in May.

Dominique Strauss-Kahn says measures adopted by European leaders so far are inadequate to resolve the region’s financial crisis. Without effective action, the former head of the IMF says he sees the possibility of Europe having no economic growth for the next five to seven years.

Former International Monetary Fund (IMF) chief Dominique Strauss-Kahn of France
delivers a speech during an economic forum in Beijing December 19, 2011.

Dominique Strauss-Kahn said: "If in March, strong decisions are made, not only decisions are made, but also implementation comes rapidly, then my sad forecast of several years of slow growth may disappear. But, well, let’s say it’s a 50-50 chance."

The former IMF leader also called for closer EU integration and a unified budget to allow the union to move money around the continent to ease financial strains. He said: "So it’s absolutely necessary for the French and Germans to work together. The problem is they don’t have exactly the same view and I am not quite sure that Ms. Merkel and Mr. Sakorzy really understand each other. And that’s probably one of the reasons why the whole Europe system has problems going forward."

Speaking of the economic situation in the U.S., Strauss-Kahn says the US government should try its best to cut its own deficit at the moment.

Former International Monetary Fund (IMF) chief Dominique Strauss-Kahn of France
delivers a speech during an economic forum in Beijing December 19, 2011.

Former IMF head Dominique Strauss-Kahn (R) and his wife Anne Sinclair.

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Editor:Zhang Rui |Source: CNTV.CN

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