The head of the IMF, Kristalina Georgieva, was speaking at a panel in Davos alongside ECB President, Christine Lagarde.
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00:00The Eurozone should learn from the United States if it wants to compete more efficiently
00:05for global investment, said the managing director of the International Monetary Fund, Kristalina
00:11Georgieva, on Friday.
00:15She urged Europeans to develop a culture of confidence rather than modesty.
00:21If something is done really fantastically well, my parents would say not too bad.
00:29That was the highest praise.
00:31And in the U.S., you just move your legs and you're fantastic.
00:36You blink and you're great.
00:38Georgieva said one area for improvement in the EU is progress on a unified market.
00:44Country-specific laws are a hindrance to cross-border investment, forcing companies to be more reliant
00:49on banks rather than private investors for loans.
00:53The IMF's most recent economic outlook projected growth for 2025 at 2.7% in the U.S. and 1%
01:01in the Eurozone.