Friday, September 10, 2004 Associated Press EU Growth Said Undermining Global Economy
Weak economic growth in the European Union is threatening the "uneven and fragile" global recovery, British Treasury chief Gordon Brown said in comments published Friday.
In an article for the Financial Times newspaper, Brown criticized "continuing imbalances caused by divergent growth rates in the U.S., Europe and Japan."
"It is the weakness of European Union growth that lies at the root of the imbalances," wrote Brown, who is due to attend a meeting of European finance ministers Friday in the Dutch seaside resort of Scheveningen.
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