Geithner Says Europe’s Woes Tougher to Solve Than U.S. Crisis
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U.S. Treasury Secretary Timothy F. Geithner said Europe is “making some progress” in combating a financial crisis that’s more difficult to solve than what the U.S. faced in 2008.
“If you look back over the last three months or so, they are starting to engender more confidence,” Geithner told business executives today in Charlotte, North Carolina. “They’re going to get their arms around this and contain it.”