WTO Chief Lamy Supports European ‘Growth Budget,’ AFP Reports

World Trade Organization Director- General Pascal Lamy called for a shift to growth in the euro area and deeper integration to combat the region’s debt crisis, Agence France-Presse reported, citing an opinion piece.

“In the months and years to come, the countries of the euro zone are facing a major political and social crisis if they do not go through an additional step in integration,” Lamy and European Bank for Reconstruction and Development head Jacques Attali wrote in the article published yesterday on the website of French newspaper Le Monde, according to AFP.

The news agency described both men as “closely linked with France’s Socialists,” whose candidate Francois Hollande defeated Nicolas Sarkozy on May 6 to become France’s president and who has called for Europe to refocus on growth rather than austerity.

To contact the reporter on this story: Jennifer M. Freedman in Geneva at jfreedman@bloomberg.net.

To contact the editor responsible for this story: James Hertling at jhertling@bloomberg.net.

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