geithner to press sarkozy to end crisis
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Geithner to press Sarkozy to end crisis

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleGeithner to press Sarkozy to end crisis

Paris - Upi

The financial crisis will end when investors think they will make a profit investing in governments and banks, U.S. Treasury Secretary Timothy Geithner said. \"Financial crises are ultimately resolved when governments and central banks succeed in creating the conditions that make it compelling for investors to take the risks involved in lending to governments and to banks,\" Geithner said in Berlin during a crucial week for the European Union that will end with an EU leaders\' summit meeting Thursday and Friday. Geithner, dispatched to Europe for three days by President Barack Obama, said the eurozone currency bloc would need \"a sustained commitment of political will\" to resolve its troubles. German Finance Minister Wolfgang Schaeuble, who spoke to reporters with Geithner, acknowledged eurozone shortcomings and said officials understood the high expectations associated with the summit. \"The objective is to send out a clear signal ... which will allow us to restore confidence [in the markets],\" he said. Geithner was to meet with French President Nicolas Sarkozy in Paris Wednesday to press for final, permanent action that would stem the crisis, which U.S. Treasury and Federal Reserve officials say is seriously undermining the U.S. recovery. He was also to meet with Spanish Prime Minister-elect Mariano Rajoy and Thursday with Italian Prime Minister Mario Monti. A handful of European nations have indicated resentment over U.S. pressure when the United States has its own financial troubles, The Wall Street Journal reported. Sarkozy and German Chancellor Angela Merkel were due to propose to the summit Friday a plan they worked out Monday to create greater centralized control over European national budgets as a critical step to restoring investor confidence in eurozone debt. Details of their proposal were expected to be spelled out in a letter Wednesday to European Council President Herman Van Rompuy, who met with Geithner Tuesday and who will chair the summit. Ratings firm Standard & Poor\'s Monday put France, Germany and 13 other eurozone governments on review for possible credit downgrades. S&P said Tuesday it might downgrade the rating on the eurozone\'s bailout fund, the European Financial Stability Facility.  

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

geithner to press sarkozy to end crisis geithner to press sarkozy to end crisis

 



Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle

GMT 09:46 2017 Sunday ,27 August

Norway fines tourist guide for scaring polar bear

GMT 07:33 2018 Monday ,08 January

CIA chief denies agency role in Iran unrest

GMT 08:55 2017 Tuesday ,15 August

Shares of Fiat Chrysler surge

GMT 00:09 2017 Friday ,27 October

Alphabet quarterly profit climbs

GMT 09:53 2017 Saturday ,08 April

Mexico inflation hits new seven-year high

GMT 18:28 2012 Friday ,09 March

All balanchine

GMT 07:09 2015 Friday ,11 December

Syria government scrapes barrel

GMT 15:57 2017 Tuesday ,24 October

2018 Olympic torch ceremony hit by poor weather

GMT 03:22 2017 Wednesday ,02 August

At least 29 killed in Afghan Shiite mosque attack
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2023 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle