US private sector job creation jumps; Eurozone jobless at record high – as it happened

4.21pm GMT Meanwhile in Berlin…..

US Secretary of the Treasury, Jacob Lew and German Finance Minister Wolfgang Schauble attending a press conference in Berlin. Photograph: Theo Schneider/Demotix/Corbis
US Secretary of the Treasury, Jacob Lew and German Finance Minister Wolfgang Schauble attending a press conference in Berlin. Photograph: Theo Schneider/Demotix/Corbis

Missed this earlier --the US Treasury secretary has renewed the pressure on Germany to do more to help its neighbours by stimulating its domestic economy.

On a visit to Europe, Jack Lew told a press conference in Berlin that Washington believes more internal demand within Germany would be good news for the whole region.

Lew told a press conference, following a meeting with German finance minister Wolfgang Schauble, that:

    We continue to believe that policies that would promote more domestic investment and demand would be good for the German economy and the global economy.

Schauble, though, denied that Germany’s export strength is a threat. Indeed, we should be more grateful for it, he suggests:

    „The eurozone as a whole has a very small surplus …. and without the German surplus toward third countries, the eurozone would have no surplus at all, but a deficit.

    The American deficit won‘t be improved by a European one being added to it.“

Ouch…

Photograph: Theo Schneider/Demotix/Corbis
Photograph: Theo Schneider/Demotix/Corbis

Quelle: The Guardian (http://www.theguardian.com/business/2014/jan/08/sainsburys-claims-best-christmas-ever-as-mothercare-issues-profits-warning-business-live#block-52cd6c21e4b07f8c2b4a049a)

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