Geithner Urges Bigger Euro ‘Firewall’ as Condition for More Help
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U.S. Treasury Secretary Timothy F. Geithner urged European leaders to bolster their crisis-fighting bailout funds, warning more outside support wouldn’t be forthcoming without them acting first.
“The only way Europe’s going to be successful in holding this together, making monetary union work, is to build a stronger firewall,” Geithner told the World Economic Forum’s annual meeting today in Davos, Switzerland today. “That’s going to require a bigger commitment of resources.”