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advice from the experts...Treasury Secretary Timothy F. Geithner delivered an unusually direct plea for action to his counterparts in Europe on Friday, urging leaders to move with more unity to head off a potential new wave of financial crisis on the continent. But he got a chilly response. There was no accord on new steps to address the debt crisis that started in Greece and has spread to the much bigger economies of Spain and Italy. And many of the European finance ministers who heard from Geithner in a session in Poland on Friday seemed to bristle at him intruding on their affairs.
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euro vs dollar...
U.S. officials have been in frequent private contact with their counterparts in Europe, urging coordinated action in strong terms. But their public statements have been more vague and less accusatory. With his trip to Poland and in recent interviews, Geithner has escalated public pressure on the Europeans to act.
The risk in the strategy is that the United States could be seen as meddlesome by some of the very leaders Geithner seeks to influence — a risk he saw firsthand as a Treasury official in the 1990s when efforts to deal with the East Asia crisis were undermined by Asian leaders’ anger at U.S. and International Monetary Fund officials.
The European Union will not decide whether to give Greece a new installment of bailout money until October, officials said Friday, lengthening the uncertainty about whether the troubled country will default on its debts. Investors had hoped for a quicker sense about the direction of the bailout.
http://www.washingtonpost.com/business/economy/geithner-calls-for-bolder-unified-euro-zone-measures-to-stem-financial-crisis/2011/09/16/gIQAe9YYYK_story.html?hpid=z2
naughty, naughty .....
welcome to the top of two halves...
Mr Di Rupo, 60, has already been called the weakest prime minister in Belgian history.
He is a flamboyant, atheist, socialist Francophone fond of large, red, floppy bow ties. At first glance he does not seem to be the man best placed to reconcile conservative, Catholic, Dutch-speaking suburban voters with the federal Belgian government – or the concept of Belgium itself.
http://www.independent.co.uk/news/world/europe/gay-socialist-and-born-in-a-squatters-camp--meet-the-new-pm-of-belgium-6273193.html