U.S. official: Treasury Secretary Timothy Geithner is not going to Poland to push European finance ministers to boost the size of the euro-zone bailout fund
This from Marketwatch yesterday: “Treasury Secretary Timothy Geithner is not going to Poland to push European finance ministers to boost the size of the euro-zone bailout fund, a U.S. official said Tuesday” to this just released from Reuters: “U.S. Treasury Secretary Timothy Geithner is likely to suggest to European finance ministers on Friday that they leverage their bailout fund along the lines of the U.S. TALF programme, EU officials said.” And this: “Geithner will probably insist on the importance of leverage to have more funds to ringfence the big Europeans, Italy and Spain, and to find a solution for Greece,” one EU official said. “The leveraging of the EFSF — I think this is something that he will put on the table,” the official said. “There could be some openness to the proposal.” Read more here. All in all, just another day for the world’s biggest pathological liar, tax evader, and overall economic disaster since, well, ever.
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