Arab Today, arab today geithner calls for \more forceful action\ from europe
Last Updated : GMT 05:39:38
Arab Today, arab today
Arab Today, arab today

Geithner calls for \'more forceful action\' from Europe

Arab Today, arab today

Arab Today, arab today Geithner calls for \'more forceful action\' from Europe

Washington - AFP

US Treasury Secretary Timothy Geithner called Thursday for Europe to take stronger action to generate confidence that it can resolve its spreading debt and deficits problems.\"Europe needs to take more forceful action to generate confidence that it can and will resolve its crisis,\" Geithner said one day ahead of the G-7 meeting of finance ministers and central bankers in Marseille.\"This requires governments working together and alongside the European Central Bank in an unequivocal commitment to support Europe\'s financial system and ensure governments can borrow at sustainable interest rates as they reform,\" he said in an op-ed piece published the Financial Times and released by the Treasury.Geithner also said that, for the world economy to regain momentum, the United States needs to strengthen growth and generate jobs, and China and other emerging economies have to expand domestic demand and float exchange rates. \"The world economy is in the midst of the second slowdown of this recovery from the financial crisis of 2008 and 2009,\" he said. \"The question is not whether we have the economic or financial capacity to act to strengthen growth, but whether we have the political ability to do the right things,\" he said. Geithner was writing as worries about Europe\'s ability to keep the eurozone together amid deep problems in Greece, and ahead of a key speech Thursday evening by US President Barack Obama on how his administration will try to boost the jobs market. He stressed the \"remarkable unity\" of the world in confronting the financial crisis of 2009 through financial stabilization and fiscal and monetary stimulus. Today, however, \"The challenges now are different and cannot realistically be confronted by a repeat of that coordinated global response.\"He said that although major central banks still have some tools to work with, \"there are limits\" on the policy choices of governments. \"The imperative remains to strengthen economic growth. Fiscal policy everywhere has to be guided by the imperatives of growth,\" he said. \"The risks of a longer period of relatively weak growth are significant, and it makes sense for policy makers to act to reduce the risk of that outcome.\"

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 calls for \more forceful action\ from europe Arab Today, arab today geithner calls for \more forceful action\ from europe

 



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 geithner calls for \more forceful action\ from europe Arab Today, arab today geithner calls for \more forceful action\ from europe

 



Arab Today, arab today Etiquette expert calls for short visits

GMT 16:21 2017 Monday ,26 June

Etiquette expert calls for short visits
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 Mai Al-Jeddawi presents décor ideas for Ramadan
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 11:09 2017 Sunday ,25 June

HUAWEI P10 the ‘guru’ of portrait shots
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