Geithner Hears Spain’s Plans to Strengthen Financial Sector

U.S. Treasury Secretary Timothy F. Geithner and Spain’s deputy prime minister, Soraya Saenz de Santamaria, met today to discuss Spain’s plans to bolster its banking system.

The two officials discussed “the significant progress that Spain has made on fiscal and structural reforms, the Spanish government’s plans to strengthen its financial sector and support recovery and job creation, and the broader challenges facing Europe and the global economy,” Treasury spokeswoman Kara Alaimo said in an e-mailed statement today. The meeting was held at the Treasury Department.

To contact the reporter on this story: Ian Katz in Washington at ikatz2@bloomberg.net

To contact the editor responsible for this story: Chris Wellisz at cwellisz@bloomberg.net

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