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Boosting confidence, growth and jobs are main focus of IMF Spring Meetings

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10 months ago

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http://www.euronews.com/ Increasing growth and job creation were the major topics of discussion at the International Monetary Fund spring meetings in Washington.

With finance ministers from a number of countries also attending, the summit saw the US blaming Europe for slowing down the global economy and other countries warning the US over its fiscal cliff situation.

The unemployment rate fell in most US states in March, but job creation remains particularly relevant for Europe.

The latest figures reveal youth unemployment across the 27 EU countries is at an average rate of 23.5 percent.

“Every policymaker is keen to develop jobs and to respond to the demands of the young population in particular. So anything that works to create jobs,” said IMF head Christine Lagarde.

Germany, the EU’s main economic power, has come under pressure to boost spending in order to encourage growth throughout the region – a move that continues to be resisted by Berlin.

Whilst Lagarde recently urged British Chancellor George Osborne to rethink the UK’s austerity strategy, due to the country’s poor economic performance.

Global financial officials at the meetings said monetary policy alone is not enough to restore confidence in the shaky global economy.

From Washington, euronews correspondent Stefan Grobe said: “The main message of this year’s Spring Meetings is: there not one silver bullet or one global solution to tackle the challenges. What is needed most is confidence and predictability. The markets need to know that policymakers are on the right track.”

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Australia’s new $69 million library becomes home to a copy of Shakespeare’s First Folio

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52 minutes ago

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July 19, 2026

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Australia’s new $69 million library becomes home to a copy of Shakespeare’s First Folio

Australia’s Museum of Old and New Art (MONA) has opened its highly anticipated new library, featuring 30,000 items, including Shakespeare’s First Folio. The collection ranges from children’s books and artworks to rare books and historic maps.

READ MORE : http://www.euronews.com/2026/07/18/australias-new-69-million-library-becomes-home-to-a-copy-of-shakespeares-first-folio

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Latest news bulletin | July 16th, 2026 – Morning

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2 hours ago

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July 19, 2026

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Latest news bulletin | July 16th, 2026 – Morning

Catch up with the most important stories from around Europe and beyond this July 16th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

READ MORE : http://www.euronews.com/2026/07/16/latest-news-bulletin-july-16th-2026-morning

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Latest news bulletin | June 25th, 2026 – Morning

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3 hours ago

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July 19, 2026

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Latest news bulletin | June 25th, 2026 – Morning

Catch up with the most important stories from around Europe and beyond this June 25th, 2026 – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.

READ MORE : http://www.euronews.com/2026/06/25/latest-news-bulletin-june-25th-2026-morning

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Queen Elizabeth’s coffin travels from Buckingham Palace to Westminster

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4 hours ago

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July 19, 2026

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The coffin with late Queen Elizabeth II’s body travels from Buckingham Palace to Westminster through central London on a gun carriage, with the king and other royals walking behind.

It will be placed in Parliament’s medieval Westminster Hall, where the Archbishop of Canterbury will conduct a short service. The queen will then lie-in-state for four days, until the morning of her funeral. Members of the public will be able to pay their respects and troops will keep a round-the-clock vigil.

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Euronews aboard EU warships in the Red Sea: Europe eyes wider mandate as Houthi threat grows

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5 hours ago

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July 19, 2026

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Euronews aboard EU warships in the Red Sea: Europe eyes wider mandate as Houthi threat grows

In a special report from EU patrol ships in Djibouti, Kaja Kallas told Euronews that the 27-member bloc was discussing expanding Aspides’ mandate and that ships pledged to a Hormuz coalition could be redeployed to the Red Sea in the interim.

READ MORE : http://www.euronews.com/2026/07/17/eu-bolsters-red-sea-mission-amid-reports-houthis-may-shut-bab-el-mandeb

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