Tags: Geithner | Fed | IMF | Funds

Geithner: Fed Not Providing IMF Funds

Tuesday, 06 Dec 2011 12:43 PM

U.S. Treasury Secretary Timothy Geithner says the U.S. Federal Reserve has no plans to give money to the International Monetary Fund to bolster the European bailout fund.

Speaking Tuesday after meetings with German Finance Minister Wolfgang Schaeuble, Geithner said reports citing anonymous sources saying the Fed could take part in a special fund for countries trying to control their debts "are not accurate."

Geithner says he is "very encouraged" by the reforms taken so far by European nations. He is on a three-day trip to Germany, France and Italy in a show of support for key countries grappling with Europe's 2-year-old debt crisis.

He says he is "in Europe to emphasize how important it is for the United States and the global economy as a whole " for Europe to succeed.

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U.S. Treasury Secretary Timothy Geithner says the U.S. Federal Reserve has no plans to give money to the International Monetary Fund to bolster the European bailout fund.Speaking Tuesday after meetings with German Finance Minister Wolfgang Schaeuble, Geithner said reports...
Geithner,Fed,IMF,Funds
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2011-43-06
Tuesday, 06 Dec 2011 12:43 PM
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