Ah one of the Masters of the Universe Meets with the Puppets…
Treasury secretary endorses Franco-German rescue plan as US remains anxious about European debt crisis spreading
US treasury secretary Tim Geithner on Wednesday gave strong backing to Franco-German plans to resolve the sovereign debt crisis by reshaping the eurozone through tougher budget discipline.
The US is anxious to see that the European debt crisis does not drag it and the rest of the world into renewed recession. Geithner said he had “a lot of confidence” in what the countries were doing.
“We are very encouraged with the progress that is being made,” Geithner told reporters following a meeting with French finance minister Francois Baroin on the second day of his whirlwind trip through Europe.
The meeting came ahead of discussions with Europe’s centre-right leaders at their congress in Marseille, where he met French president Nicolas Sarkozy and German chancellor Angela Merkel along with new Spanish premier Mariano Rajoy. After the talks in the Mediterranean port city he will fly to Rometo meet Mario Monti, Italy’s new technocrat prime minister on Thursday.