Wednesday, April 18, 2012

UPDATE 2-Geithner says U.S. plays key role helping Europe


WASHINGTON, April 18 (Reuters) - U.S. Treasury Secretary Timothy Geithner said on Wednesday that the United States was playing a "central" role in helping Europe cope with its debt crisis and any suggestion that it was holding back from doing so was wrong.

Speaking at the Brookings Institution ahead of a series of meetings that will focus on Europe, Geithner said the IMF can raise money quickly if needed and pointed out that the Federal Reserve has opened currency swap lines to ensure European dollar liquidity.

The key issue for sessions that open Thursday with an informal gathering of Group of Seven rich countries is whether to further bolster the International Monetary Fund's resources so that it protect other nations against potential adverse spillover from Europe's woes.

Read Full News


Resources for YOU:
Bookmark and Share

No comments:

Post a Comment