IMF Chief Tells Europe To Take Page Out Of US Book

IMF managing director Kristalina Georgieva, left, with ECB chief Christine Lagarde in Davos on Friday (Credit: AFP)

With the European economy lagging behind the United States, the head of the International Monetary Fund had a piece advice for the continent on Friday: "Believe in yourself."

There was much handwringing about Europe losing its competitive edge at the World Economic Forum in Davos this week, with the European Union racing to act to catch up with the United States and China.