On November 12, the Barcelona International Business Club (BIBC) organized a Connection Dinner with the Executive Director of the European Office of the IMF, Mr. Jeffrey Franks. The event took place at the emblematic Miramar Hotel in Barcelona. After a detailed and comprehensive presentation offered to answer several questions regarding the global economy, the financial situation European geopolitical issues, as well as the recommendations of the IMF is proposing some economic leaders. The meeting ended with “Executive Networking” where they answer questions both additional and private.
The presentation of Mr. Franks tried, among other important points, some of the weaknesses that we have in the European economy and its possible solution in order to stimulate and accelerate economic growth.
He emphasized that investments in Europe still 15 percentage points below the level before the crisis compared with US investments, currently about 10 percentage points higher. A determining factor if we consider both markets fell by the same amount. This means that the US has recovered its investment levels while Europe remains stagnant around 85% compared to the previous volume.
Europe must continue to invest more and take to achieve desired growth and recovery. One of the reasons why the investment is not recovering the legacy of economic inefficiency of the financial sector. The IMF is a great support for the policies that are being launched right now in Europe aimed to complete the banking union. All this with the aim of improving the availability of credit for investment and consumption.
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