|
'Europe needs stronger firewall against debt
crisis'
Saturday January 28, 2012 01:05:19 PM,
IANS
|
|
Davos:
Europe needs to build a better firewall and work towards a
stronger commitment of financial resources to curb the debt
crisis, said US Treasury Secretary Timothy Geithner.
Acknowledging all the efforts, especially in the past two months,
by the European governments to rein in the crisis, Geithner Friday
said there are still "unfinished pieces of the framework" for
Europe, reported Xinhua.
Europe has to "build a stronger and more credible firewall", he
said at the annual meeting of the World Economic Forum.
On calls for more International Monetary Fund (IMF) involvement,
Geithner said if Europe is willing to do what they have to, then
"the IMF can play a supportive and constructive role." There has
to be the "European commitment" first, he added.
On the austerity measures the Europe is implementing, Geithner
said for some part of Europe, there is no alternative to
substantial adjustment to budget deficits for a long period of
time.
However, he said there also needs to be some support for growth
and competitiveness, adding that there has to be a stronger
commitment of financial resources standing behind the efforts to
fight the crisis.
|
|
|
|
Home |
Top of the Page |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Top Stories |
|
 BJP manifesto for UP: Yes to Ram temple, No to minority reservation
The Bharatiya Janata Party (BJP) in its manifesto
for the Uttar Pradesh assembly polls Friday said it was against
the announced 4.5 percent reservation for minorities
»
Congress promises jobs, citizen's charter in UP vision document
Mulayam assures release of innocent Muslims,
promises youth laptops |
|
|
|
Most Read |
|
Farook remembered as leader who groomed others
Kerala
Governor M.O.H. Farook maintained cordial relations with his
opponents and groomed many political leaders, Congress
»
Kerala governor Farook dies in Chennai hospital
|
|
Violence rocks Yanam, workers kill company official
A senior
official of a ceramics company was Friday killed in an attack by
workers after their leader died in police custody as large-scale
violence rocked Yanam, a region of Puducherry but located in
Andhra Pradesh's East Godavari district.
Yanam, known as a peaceful region, turned
» |
|
|
|
News Pick |
|
 Kashmir women's group seeks Aafia Siddiqui's
release
Muslim women separatist group, Dukhtaran-e-Millat (Daughters of
Faith) headed by Asiya Andrabi, staged a demonstration in Srinagar
Friday, demanding
» |
|
Drug money damages world economy by $2 trillion annually
Annual financial damage to the world economy from drug money
equals $2 trillion, Russia's Federal Drug Control Service head
Viktor Ivanov said.
"Narco-dollars form a market with a volume of over $500
billion annually
» |
|
Manipur vote kickstarts India's state
elections
Manipur, India's most disturbed state after
Kashmir, will Saturday elect a new 60-member assembly to mark the
start of make-or-break elections in five states. The staggered
exercise, which ends with the vote
» |
|
|
|
Picture of the Day |
|
 |
|
New
Delhi,27 Jan 2012-IGNOU Vice-Chancellor M Aslam receiving
the "Best teaching practices Award" from noted film director
Prakash Jha at the India Today Aspire education summit
2012,in New Delhi on Friday. Also in picture India Today
Group's Rekha Puri.
(Photo:
IANS/Amlan Paliwal) |
|
|
|
|
Comments
|
Quick links