Arab Today, arab today geithnereurope still central challenge to global growth
Last Updated : GMT 15:27:16
Arab Today, arab today
Arab Today, arab today

Geithner:Europe still central challenge to global growth

Arab Today, arab today

Arab Today, arab today Geithner:Europe still central challenge to global growth

Honolulu - Xinhua

U.S. Treasury Secretary Timothy Geithner on Thursday urged Europe to move quickly to restore financial stability, saying the crisis in Europe remains the central challenge to global growth. Speaking at a news conference after attending the finance ministers\' meeting of the Asia-Pacific Economic Cooperation (APEC) forum, Geithner said European countries have been working to put in place a broad comprehensive framework to help strengthen their financial system and protect Europe, but they need to move more quickly. \"That basic framework is a good framework but it needs to be put in place with a speed that markets require and a force that restore confidence,\" he said. Geithner said all APEC economies are directly affected by the eurozone crisis, though they are relatively in a better position. He also encouraged APEC economies to take steps to strengthen growth in the face of the pressures from Europe. \"The principal focus of our discussions was how to help strengthen growth around the world and make it more balanced and sustainable in the future,\" he said. While APEC economies are the most vulnerable to a global slowdown, they can also play the greatest role in contributing to the global recovery, Geithner said. \"The APEC economies account for more than half of global GDP, and the bulk of these economies are likely to grow significantly faster in coming years than the rest of the world,\" Geithner said. \"Their rebalancing efforts are critical to the foundations of strong, sustainable global growth.\"

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 geithnereurope still central challenge to global growth Arab Today, arab today geithnereurope still central challenge to global growth

 



Arab Today, arab today

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 geithnereurope still central challenge to global growth Arab Today, arab today geithnereurope still central challenge to global growth

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today
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