Europe Blasted by Asia-Pacific Nations Seeing Growth Weaken
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Finance chiefs from Asia-Pacific nations said European policy makers must step up efforts to resolve their debt crisis, signaling reluctance for now to embrace large-scale financing help.
The euro region’s rescue plan “needs to be put in place with the speed that markets require and with the force necessary to restore confidence,” U.S. Treasury Secretary Timothy F. Geithner said after an Asia-Pacific Economic Cooperation meeting. Australian Treasurer Wayne Swan urged Europeans to “get your act together,” while his Canadian counterpart said Europe could solve its own problems given the resources it has available.