?From FT:
Tim Geithner, the US Treasury secretary, issued a blunt warning to Europe’s leaders on Friday to stop bickering with the European Central Bank and take decisive action to tame adebt crisis that has added “catastrophic risk” to financial markets.
The sharp rebuke from Mr Geithner came as he made a rare appearance at a meeting of eurozone finance ministers in the Polish city of Wroclaw that yielded little discernible progress in confronting the crisis that has ravaged the continent for more than 18 months and threatened the single currency.
Even after a dressing-down from Mr Geithner, the finance ministers from the European Union’s euro-area decided to put off until October a decision on whether to grant Greece an €8bn tranche of loans the country is relying on to pay its bills.
Speaking at the sidelines of the ministerial gathering, Mr Geithner said: “What is very damaging from the outside is to see not just the divisiveness [in Europe] in the broader debate, about strategy, but the ongoing conflict between the governments and the central bank and you need both to work together to do what is essential for the resolution of any crisis.”
He added: “Governments and central banks have to take out the catastrophic risk from markets, they have to definitively remove the threat of…cascading defaults [and avoid] loose talk about dismantling the institutions of the euro.”
His warning underlines Washington’s growing fears over the fallout from the crisis. Mr Geithner candidly raised a range of potential solutions with Europe’s finance ministers but found himself clashing with Germany over the need to commit taxpayer support to stabilize markets and the merits of a financial transaction tax.
The decision to postpone a decision on aid payments to Greece sets up another nail-biting scenario in which Athens will be scrambling to convince fellow eurozone governments, as well as the International Monetary Fund and the ECB, to release the loans before it runs out of cash in the middle of next month to pay the salaries of civil servants and other basic obligations.
Speaking at a financial services conference across town, Mr Geithner went on to warn eurozone policymakers that they would end up dangerously beholden to foreign lenders unless they united to confront the crisis.
“The starkest way to emphasise the importance of Europe getting on top of this is that you don’t want the fate of Europe to rest in the hands of those who provide financing to the IMF, or might provide financing outside the IMF,” he said.
“There’s no reason for Europe to be in that position and it will be very damaging to the credibility of the endeavour here in Europe if you put yourselves in that position. Your financial challenges in Europe are eminently within your capacity to manage, you just have to chose to do it.”
Jewish banksters are the worst breed on the face of the Earth. They have been polluting/toxicating and poisoning the minds of the American people for a long time now. All Americans should boycott, avoid, ignore, and isolate jews and jewish run businesses including CEO’s of large corporations, banks, media networks and chains. This is the best and easy way to choke, suffocate and cut off the jewish financial network all over the world.
It is also the best way to save America.
God Bless!