The US economic recovery remained "sensitive" to Europe's economic stability, US Treasury Secretary Jacob Lew said Monday on an inaugural trip to Brussels.
The US recovery was "gathering strength," Lew said, citing
14-consecutive quarters of economic expansion and 37 months of
private-sector job creation.
"As we address our long-term challenges, however, our economy's
strength remains sensitive to events beyond our shores, and we have
an immense stake in Europe's health and stability," Lew said after a
meeting with EU President Herman Van Rompuy.
Lew was particularly interested in EU plans to "strengthen sources
of demand at a time of rising unemployment," he said.
Van Rompuy stressed that the European Union was working hard to
restore and maintain financial stability, ensure sound public
finances, fight record high unemployment and ensure long-term
competitiveness and job creation.
