Geithner calls for bolder, unified Euro zone measures to stem financial crisis

Geithner calls for bolder, unified Euro zone measures to stem financial crisis:


09-16-2011 • Washington Post

Treasury Secretary Timothy F. Geithner delivered an unusually direct plea for action to his counterparts in Europe on Friday, urging leaders to move with more unity to head off a potential new wave of financial crisis on the continent.

But he got a chilly response. There was no accord on new steps to address the debt crisis that started in Greece and has spread to the much bigger economies of Spain and Italy. And many of the European finance ministers who heard from Geithner in a session in Poland on Friday seemed to bristle at him intruding on their affairs.

Geithner urged the finance ministers to pump money into their economies now

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