Treasury secretary in Poland to offer advice on debt crisis
(NEWSER) - As Europe continues to battle its debt crisis, Timothy Geithner has a suggestion. The Treasury secretary today called on euro zone officials to leverage the region’s roughly $600 billion bailout fund, an insider tells Reuters . Geithner didn’t provide details on how Europe should go about the move, nor did he point to the US TALF fund, created in 2008 to back lenders; some have suggested TALF could be a model for Europe’s bailout fund. Geithner conceded, however, that the US is "not in a particularly strong position to provide advice to all of you," notes AP . "We still have our challenges in the United States," he said, and "our politics are terrible... maybe worse than they are in many parts of Europe." More»
