Arab Today, arab today geithner to press sarkozy to end crisis
Last Updated : GMT 09:00:32
Arab Today, arab today
Arab Today, arab today

Geithner to press Sarkozy to end crisis

Arab Today, arab today

Arab Today, arab today Geithner 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.  

arabstoday
arabstoday

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*

Arab Today, arab today geithner to press sarkozy to end crisis Arab Today, arab today geithner to press sarkozy to end crisis

 



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*

Arab Today, arab today geithner to press sarkozy to end crisis Arab Today, arab today geithner to press sarkozy to end crisis

 



Arab Today, arab today
Arab Today, arab today Designer Aql Faqih aspires to innovation

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation
Arab Today, arab today Barcelona through George Orwell’s eyes

GMT 13:44 2017 Friday ,20 October

Barcelona through George Orwell’s eyes
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Residents get glimpse of Raqa in ruins

GMT 07:10 2017 Saturday ,21 October

Residents get glimpse of Raqa in ruins
Arab Today, arab today Hiring not part of Alibaba pledge

GMT 11:26 2017 Wednesday ,18 October

Hiring not part of Alibaba pledge
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today World's deepest lake in peril

GMT 15:54 2017 Friday ,20 October

World's deepest lake in peril
Arab Today, arab today Ex-French minister Dati wants tough action

GMT 10:54 2017 Thursday ,19 October

Ex-French minister Dati wants tough action
Arab Today, arab today Delhi braces for pollution 'airpocalypse'

GMT 16:07 2017 Friday ,20 October

Delhi braces for pollution 'airpocalypse'
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Sweden to get biggest car factory

GMT 14:10 2017 Friday ,20 October

Sweden to get biggest car factory
Arab Today, arab today Mercedes says recalls 400,000 UK cars

GMT 06:56 2017 Tuesday ,17 October

Mercedes says recalls 400,000 UK cars
Arab Today, arab today Actress Mona Zaki praises husband’s role

GMT 08:15 2017 Thursday ,19 October

Actress Mona Zaki praises husband’s role
Arab Today, arab today Massacre fears spark race

GMT 19:09 2017 Thursday ,19 October

Massacre fears spark race

GMT 08:57 2017 Wednesday ,18 October

Actress Shery Adel happy for Egypt’s qualification

GMT 18:15 2017 Monday ,16 October

British actress becomes fifth woman

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam

GMT 16:00 2017 Wednesday ,18 October

Climate-disrupting volcanoes helped topple

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 06:43 2017 Wednesday ,18 October

Fake dentists ply brisk trade

GMT 06:49 2017 Tuesday ,17 October

EasyJet, Lufthansa among seven to bid

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 20:46 2017 Thursday ,19 October

Qualcomm files lawsuits in China to ban iPhones

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday