Geithner Quoted in Europe’s Failure to Act

“Failure to act carries the “threat of cascading default, bank runs and catastrophic risk,” Geithner said in a Sept. 24 statement to the IMF, his strongest public lobbying yet.”

http://mobile.bloomberg.com/news/2011-09-25/bankers-splinter-on-remedy-for-european-debt-as-tension-pervades-meetings.html

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