Strauss-Kahn: The Real Problem With Europe Is It Will Have Weak Growth For As Many As 10 Years

"IMF managing director Dominique Strauss-Kahn spoke to Bloomberg Television today about the situation in Europe, pointing out the difficulty in the region's banking system, the lack of a comprehensive approach to dealing with the problem, and the underlying low growth problem facing Europe.
From his comments:

"The problem is, [European growth] is stable at the low level. The real problem is…a rather long period of low growth in Europe. Even in Germany where growth is at the higher level, but not that high. So the real problem that the Europeans are facing is..a sluggish recovery and low growth for maybe five, six, seven, maybe 10 years..."

at http://www.businessinsider.com/strauss-kahn-european-growth-2011-4?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+businessinsider+%28Business+Insider%29#ixzz1JWZcD6LV