Europe must use all tools to boost growth, finances: treasury secretary

European countries should use all means at their disposal to strike the right balance between boosting growth and improving their public finances, Treasury Secretary Jack Lew said on Tuesday.

"Our view is that there needs to be a balanced approach between growth and fiscal consolidation," Lew said in a joint news conference in Paris with French Finance Minister Pierre Moscovici.

"All tools need to be considered. Our encouragement is to use the leverage that is appropriate in Europe," he added.

(Reporting by Leigh Thomas and Anna Yukhananov)