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.
Most Popular Stories
- 2014 Will Be 'Breakthrough Year' for U.S., Obama Says
- Prius Among Insurance Institute's 39 Top Safety Vehicles
- Target Overwhelmed by Worried Customers
- Congress Ends Turbulent Year with Approving IRS Chief
- First Family Arrives for Hawaiian Island Holiday
- Renewable Energy Group to Acquire Syntroleum
- Ally Financial Settles Auto Loan Suit
- Covered California Lags on Hispanic Enrollment
- Climate Change Isn't an Equal Opportunity Destroyer
- Chris Christie Set to Sign Tuition Aid Bill