Saturday, July 18, 2009

Pinning Down Geithner in Paris

"Geithner sees ‘durable’ recovery signs" by Associated Press | July 17, 2009

PARIS - US Treasury Secretary Timothy Geithner said yesterday he saw “durable, very important signs’’ of recovery in the financial system - but he warned against repeating the mistakes of the 1930s and withdrawing stimulus too soon.

Geithner, in Paris on the last leg of a tour that has taken him from London to Saudi Arabia and the United Arab Emirates, acknowledged that he was keeping up pressure on foreign governments not to slacken in their efforts to resuscitate the global economy.

Probably why I’m doing this [tour] is to make sure we keep working with governments around the world to continue to provide enough support to lift this global economy back to a sustained pattern of growth,’’ he told reporters....

Actually, this is the reason he went: Dollar Going Down

No "probably" about it.

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