U.S. Says Europe Has No Alternative to Solving Debt Crisis
This article is for subscribers only.
The European Union has no alternative to the joint action needed to solve sovereign debt woes facing some of its member countries, a U.S. official said today.
As a whole, the EU has plenty of financial savings and capacity to act, the official told reporters, speaking on condition of anonymity on the sidelines of appearances in New Delhi today by President Barack Obama and Treasury Secretary Timothy F. Geithner. The official expressed confidence that the EU would be able to manage the issue.