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Geithner heads to Europe as debt fears mount
Reuters ^ | 9/12/2011 | By Jan Strupczewski and Glenn Somerville

Posted on 09/12/2011 7:26:43 PM PDT by jonatron

...Geithner is expected to attend the euro zone meeting on Friday and then return to Washington. The Treasury said on Monday only that he will discuss efforts to boost global recovery and cooperate on financial regulation, but U.S. attention is focused on risks posed by potential European debt contagion.

The danger that a Greek debt default could roil bigger European economies was underlined on Monday as heavily exposed French banks' shares plunged and investor confidence in the euro zone's ability to surmount a sovereign debt crisis ebbed.

Underscoring concerns by the United States about the global economic dangers from Europe's debt troubles, the Treasury Department said Geithner would meet with International Monetary Fund chief Christine Lagarde on Tuesday.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Foreign Affairs; News/Current Events
KEYWORDS: debtcrisis; eurozone; timmy; treasury
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To: SERKIT

They won’t listen to Geithner; his is not our best export.


21 posted on 09/12/2011 11:50:43 PM PDT by raygun (http://bastiat.org/en/the_law DOT html)
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To: SAJ

Eddie Haskell goes to Europe Ping.


22 posted on 09/13/2011 6:23:31 AM PDT by Army Air Corps (Four fried chickens and a coke)
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To: raygun

Saw a hard to find news story that the Europeans laughed at timmy. Guess no one takes him seriously.


23 posted on 09/15/2011 2:10:15 PM PDT by Texas resident (Hunkered Down)
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