Treasury Secretary Timothy F. Geithner said European governments need to get their “fiscal house” in order and provide a financial backstop for economies under pressure.H/T.
“What Europe needs to do is to make sure that there’s an unequivocal financial backstop,” Geithner said, according to the transcript of an interview with NBC and CNBC television today. “So there is no doubt in anyone’s mind that those countries have the ability and the will to meet their obligations. That’s essential to managing crises.”
Note satisfied with the destruction of the American economy, Timmy Turbo Tax assured his boss he'll be staying on the job. There's still more downgrading to be done, apparently.