Contact Us
Make My Homepage

Europeans Committed to Monetary Union, Says Geithner

Treasury Secretary Timothy Geithner says Europe has the financial wherewithal to deal with the region’s crippling financial crisis and bolster the eurozone in the long-run.

U.S. Treasury Secretary Timothy Geithner (Alex Wong, Getty Images)

Geithner spoke Tuesday at a luncheon in Los Angeles, a day after meeting in Germany with that nation’s finance minister and with the president of the European Central Bank.

His remarks come as the European Central Bank prepares to meet on Thursday, a week after ECB President Mario Draghi vowed to do whatever it takes to save the European common currency, the euro.

Geithner says European leaders are committed to doing just that, but the challenge is figuring out how to make it politically feasible.

The 17 countries that use the euro are struggling to shore up economies across the region hit by deepening recessions.

 

(Copyright 2012 by The Associated Press.  All Rights Reserved.)

Best of NJ 101.5

Recommended For You

Around the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to http://nj1015.com using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.