Geithner Says Europe Committed to Avoid a ‘Lehman Brothers’
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U.S. Treasury Secretary Timothy F. Geithner said “there is no chance that the major countries of Europe will let their institutions be at risk in the eyes of the market.”
Geithner, speaking at a conference in New York today, said German Chancellor Angela Merkel has repeatedly said “we are not going to have a Lehman Brothers,” a reference to the collapse of Lehman Brothers Holdings Inc. in 2008, which deepened the financial crisis.