Geithner presses for leveraged EU bailout fund
Treasury Secretary Timothy Geithner pressed euro zone finance ministers in a brief meeting on Friday to leverage the bloc's bailout fund to help solve the sovereign debt crisis, a senior euro zone official said.
The source added that Geithner made no reference to a 2008 U.S. emergency loan programme called TALF, that sources have said could be a model for the EFSF and he gave no details of how such leveraging could be done.
© Copyright Thomson Reuters 2024. All rights reserved.
Join the Discussion
Editor's pick