Featured Stories World News Commentary Money Watch Multimedia Prison Planet U.S. News Science And Technology

US to Play ‘Very Major Role’ In Helping Europe: Geithner

  • Print The Alex Jones Channel Alex Jones Show podcast Prison Planet TV Infowars.com Twitter Alex Jones' Facebook Infowars store

Jeff Cox
CNBC.com
October 15, 2011

The U.S. plans on being an active partner as efforts intensify to get Europe get back on its feet financially, Treasury Secretary Timothy Geithner told CNBC Friday.

With global leaders preparing for next month’s Group of 20 nations (G20) summit in Cannes, France, the International Monetary Fund — of which the U.S. is the greatest contributor — is being relied on to help underwrite whatever efforts are needed to backstop toxic European sovereign debt .

Geithner said the International Monetary Fund (IMF) has “very substantial” resources to fund a device that could look like the Troubled Asset Relief Program, which helped navigate American financial institutions through the crisis in 2008 and 2009.

“Through the IMF, of course, we’re already playing a very major role,” he said in a live interview in Paris. “We’re happy to see the IMF continue to play that role in support of a more forceful, comprehensive strategy where Europe’s own resources—very ample resources—are deployed on a much more substantial scale.”

Full article here

This article was posted: Saturday, October 15, 2011 at 5:52 am





Infowars.com Videos:

Comment on this article

Comments are closed.

Watch the News

FEATURED VIDEOS
The World Must Realize The Control Of Humanity See the rest on the Alex Jones YouTube channel.

Obama Says Israel Has A Right To Defend Its Border While He Collapses The US Border See the rest on the Alex Jones YouTube channel.

© 2013 PrisonPlanet.com is a Free Speech Systems, LLC company. All rights reserved. Digital Millennium Copyright Act Notice.