IMF Chief Tells Europe’s Davos Elites: Let’s Be More Like the U.S.

As the European economy continues lagging behind the United States, the head of the International Monetary Fund (IMF) told the Davos elites the time has come for Europe to collectively look across the Atlantic and follow the U.S. lead as it grows in confidence daily under the leadership of President Donald Trump.

There was much gloom in Europe losing its competitive edge at the World Economic Forum in Davos this week, with the European Union racing to act to catch up with the United States, AFP reports. At the forum’s closing panel, focused on the global economic outlook, IMF managing director Kristalina Georgieva suggested a change in attitude to tackle the issue is needed as Trump settles into the White House once more.

“The United States has a culture of confidence. Europe has a culture of modesty,” Georgieva said. “My advice to my fellow Europeans is more confidence. Believe in yourself and most importantly, tell others that you do.” European Central Bank President Christine Lagarde warned Europe needed to keep its “huge amount” of talent at home and raised the alarm for its leaders to act in the wake of a resurgent Trump America.   (Read More)