News Column

Geithner: Euro Problems 'Not Just About Germany'

June 13, 2012
Euro coins

U.S. Treasury Secretary Timothy Geithner said Wednesday that a solution to the European economic crisis is not just up to Germany and that it is unfair to blame Berlin for disagreements on how the handle the problems.

"It's a little unfair to look to Germany as the sole source of the problem," he said as European leaders debate the proper role of austerity versus growth.

He said Europe has decided it is in its best interest keep the currency bloc together and that although there can be disagreements on elements of the strategy, the reforms need to work.

"It's not just about Germany, it requires other countries to be able to move toward them," Geithner said in an appearance at the Council on Foreign Relations.



Source: Copyright 2012 dpa Deutsche Presse-Agentur GmbH


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