Geithner Calls For More Detail From Europe Leaders
Treasury Secretary Timothy Geithner is urging European leaders to provide more details as soon as possible on their plans to resolve the continent’s debt crisis.
Geithner says major economies such as Germany need to provide more clarity about their proposals to tighten Europe’s financial integration, strengthen rescue funds for the most troubled nations and boost growth.
Uncertainty about Europe’s crisis has been weighing on global financial markets. Investors are nervous about whether Greece will be forced to leave the alliance of 17 nations that use the euro and whether other troubled nations might follow.
Geithner was speaking to the Council on Foreign Relations in Washington.
(Copyright 2012 by The Associated Press. All Rights Reserved.)