Tag: Timothy Geithner

• Monday, December 5th 2011 - 06:44 UTC

  Crucial week for Euro stability takes off in Paris with Sarkozy-Merkel meeting

  

  French President Nicolas Sarkozy and German Chancellor Angela Merkel meet on Monday in Paris the kick off for a round of talks involving European leaders, the European Central Bank (ECB) and US Treasury Secretary Timothy Geithner, culminating in Brussels on Friday with an EU summit.

• Saturday, October 15th 2011 - 04:25 UTC

  Developing economies proposal to double size of IMF shot down by main members

  

  Proposals to double the size of the IMF as part of a broader international response to Europe's debt crisis immediately ran into resistance from the United States and others, burying the idea for now and firmly putting the onus back on Europe.

• Saturday, September 24th 2011 - 22:13 UTC

  Geithner calls on the Euro zone for a ‘firewall’ against the crisis spreading

  

  US Treasury Secretary Timothy Geithner has called on European leaders to take urgent new steps to create a 'firewall' against the crisis spreading. He added that decisions on how to tackle Euro zone debt could not wait “until the crisis gets more severe”.

• Friday, September 23rd 2011 - 07:24 UTC

  Euro debt crisis and US political division ‘biggest threats’ to global economy

  

  US Treasury Secretary Timothy Geithner said that the European debt crisis and the political divisions in the United States were the biggest threats to the global economy.

• Saturday, September 17th 2011 - 02:28 UTC

  Geithner’s proposal to scale up rescue package gets cool response from EU

  

  US Treasury Secretary Timothy Geithner drew a cool response from EU policymakers when he urged them to leverage their bailout fund to better tackle the debt crisis and to start speaking with one voice.

• Saturday, September 10th 2011 - 06:12 UTC

  US says Germany must give “unequivocal” financial support to weaker Euro states

  

  United States pressed Europe's strongest economies on Friday to give “unequivocal” financial support to weaker Euro zone states to overcome a debt crisis that threatens the world economy.

• Tuesday, August 23rd 2011 - 06:33 UTC

  After effects of downgrading US credit rating: KO for S&P president

  

  Standard & Poor's (S&P) president Deven Sharma has stepped down just weeks after the agency downgraded the US credit rating. He will be replaced by Douglas Peterson, chief operating officer of Citibank with effect from 12 September, the agency said.

• Friday, August 5th 2011 - 07:47 UTC

  Obama administration confident Geithner will remain in his job

  

  President Barack Obama’s senior advisers are confident Treasury Secretary Timothy Geithner will remain in his job even though he hasn’t made his intentions public, an administration official said.

• Thursday, August 4th 2011 - 19:14 UTC

  Compromise achieved, fiscal reform is the next chapter, says Geithner

  

  Following the political agreement which enabled the US Congress to lift the debt ceiling and avoid default, Treasury Secretary Timothy Geithner wrote a piece for The Washington Post, where he displays what in his opinion are the following steps for the world’s largest economy to restore fiscal responsibility and sustainability.

• Tuesday, August 2nd 2011 - 15:46 UTC

  Geithner admits battle over debt limit has damaged confidence in the US economy

  

  US Treasury Secretary Timothy Geithner said he is not sure whether the bitterly fought debt agreement to be considered by the US Senate will avoid a downgrade of the U.S. top-tier credit rating.