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Old September 16th, 2011, 10:28 AM   #1
myp
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Geithner asks EU to leverage bailout fund

Treasury Secretary Timothy Geithner has asked the EU to act to secure the EU by leveraging its bailout fund to help keep the sinking ship afloat. The suggestions were met disdain as EU finance minsters criticized Geithner and the US for trying to tell them what to do, when the US has often ignored EU suggestions of late. At least one also cited poor US fundamentals as a reason for why Geithner should not be trusted.

http://www.reuters.com/article/2011/...78B24R20110916
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Old September 17th, 2011, 04:32 PM   #2
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Originally Posted by myp View Post
Treasury Secretary Timothy Geithner has asked the EU to act to secure the EU by leveraging its bailout fund to help keep the sinking ship afloat. The suggestions were met disdain as EU finance minsters criticized Geithner and the US for trying to tell them what to do, when the US has often ignored EU suggestions of late. At least one also cited poor US fundamentals as a reason for why Geithner should not be trusted.

http://www.reuters.com/article/2011/...78B24R20110916
When are these idiots gonna get that governemnt just need to keep its big fat nose out of economic issues.
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Old September 17th, 2011, 05:07 PM   #3
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Originally Posted by CatholicCrusader View Post
When are these idiots gonna get that governemnt just need to keep its big fat nose out of economic issues.
This is a public sector problem spilling over into the private sector right now in Greece and the EU (and should default happen potentially to US banks exposed to Greece + definitely the contagion). Not sure how the government can stay out of its own finances.

Also, ironically, most of the big banks want the government in the issues (and they usually pay handsomely to have them in it. bailouts for bad investments anyone? ). Not that I agree with that.
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