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EU leaders slammed

Europe's leaders came under attack at the World Economic Forum for failing to boost growth in the region as the US was hailed for turning around its economy.

The continent's politicians are relying too much on monetary policy instead of taking electorally painful steps to revamp labour markets and improve competitiveness, delegates at the conference in Davos, Switzerland, said.

The European Central Bank is today expected to announce it will buy government bonds - a monetary measure - to fight deflation.