Agreeing to Disagree US and Europe Deeply Divided on Austerity

The visit of US Treasury Secretary Jacob Lew to Europe this week has highlighted the deep trans-Atlantic divide over Brussels' austerity-driven response to the euro crisis. Washington would like to see measures to stimulate growth. But none are likely to be forthcoming.
German Finance Minister Wolfgang Schäuble together with his US counterpart Jacob Lew on Tuesday in Berlin.

German Finance Minister Wolfgang Schäuble together with his US counterpart Jacob Lew on Tuesday in Berlin.

Foto: Maurizio Gambarini/ dpa
cgh -- with wire reports