“Disinflation remains an acute concern.” In Germany, Lew will press the idea of more support for crisis countries like Greece, Portugal and Spain, urging them to pursue reforms while supporting their return to growth with stronger demand inside Germany.
“The weak growth of domestic demand in Germany, we think, has impeded stronger, more balanced adjustment in the euro area, and global growth more generally,” the official said.
In France, meanwhile, Lew will seek out more information on the government’s economic strategy and the path of euro area institutional reforms.