Tim Geithner: They're Going To Have To Get Creative In Europe

WASHINGTON -- Treasury Secretary Timothy Geithner (GYT'-nur) says Europe needs to be creative in fighting its debt crisis.

Geithner says Europe's success will depend on the ability of its governments and central bank to creatively and aggressively support countries that are pursuing the necessary reforms to get a handle on their debt problems.

Geithner also tells the International Monetary Fund's policy committee that the U.S. welcomes the currency changes that China announced a week ago.

But he says Beijing needs to do more to allow its currency to rise in value against the U.S. dollar.

U.S. manufacturers believe China enjoys unfair trade advantages from an undervalued currency.

Comments

[marignymitch]

01:38 PM on 04/23/2012

Creative = austerity in plutocrat speak.

[Matt12]

12:38 PM on 04/23/2012

Isn't it the fact that "Creative" people (including Geithner, Summers and all the gang od geniuses/looters) got the global economy in a pickle? Governments need moral fortitude to find sober solutions, including regulation and punishment for the looters), to the troubles of their own making.

[katyland]

10:46 AM on 04/23/2012

The ugly truth, that not one politian has the back bone to state to the people is,, we are in a free fall financially, the fiscal irresponibility,past ,present,an future, has created a financial desaster, that this goverment both dem/an repub, do not want the people to know ,as fact.
Any one who can not see that, writing on the wall,is blind.

[moevaughn]

08:03 AM on 04/23/2012

The U.S. Treasury Secretary telling someone else to get creative about their financial crisis?! Of course he has a history of being a little creative with his own tax returns. Maybe everyone ought to cheat on their taxes and save the day?

[romus]

01:07 AM on 04/23/2012

U.S. Heading For Financial Trouble

http://www.cbsnews.com/stories/2007/03/01/60minutes/main2528226.shtml?tag=mncol;lst;1

100% Reality

google

Bernanke's Failed CNBC Predictions

http://dailybail.com/home/a-movement-by-the-people-to-prevent-the-reappointment-of-the.html

Eliot Spitzer: "The Federal Reserve Is A Ponzi Scheme" (Inside The Fed's Secret Pile Of Trash With Ratigan, Spitzer & Toure

http://dailybail.com/home/eliot-spitzer-the-federal-reserve-is-a-ponzi-scheme-inside-t.html

Marvin Barth Says QE2 Won't Fix `Underlying Problems'

http://www.youtube.com/watch?v=NYkvuqHXD-U

9 Reasons Why Quantitative Easing Is Bad For The U.S. Economy

http://theeconomiccollapseblog.com/archives/9-reasons-why-quantitative-easing-is-bad-for-the-u-s-economy

The Hammer Gets Hit By A Tree

http://dailybail.com/home/the-hammer-gets-hit-by-a-tree.html

Quantitative Easing Explained

http://www.youtube.com/watch?v=PTUY16CkS-k

Housing, the most manipulated market in the world

http://www.newworldparty.org/2011/04/housing-most-manipulated-mar
ket-in.html

The American Dream By The Provocateur Network

http://www.youtube.com/watch?v=ZPWH5TlbloU

U.S. National Debt Clock

http://www.usdebtclock.org/

Punk Economics: Lesson 3

http://www.youtube.com/watch?v=wDFgtb0by4E&feature=channel

[Flight]

08:58 PM on 04/22/2012

Alright, Timmy....time for you to go.

[anoxic]

08:48 PM on 04/22/2012

Geithner comments are to throw you off to what he is doing. Re election ploy for Obama.

[tosc]

03:14 PM on 04/22/2012

does he mean like we got "creative" here in the U.S. with our debt problem, because his creative ideas have not done much good here for the long term...lolol...this guy is laughable!

[had410]

02:55 PM on 04/22/2012

Tim, I have one free federal return left on my turbo tax, call me.

[ThePeacemakers]

01:40 PM on 04/22/2012

Uh-oh...hold on to your wallets and purses, citizens. They're going to get "creative" now.

[empiresentry]

04:52 PM on 04/22/2012

I don't think we can stand another hike in food and fuel costs due to Geithner and Bernanke's creativity. It has resulted in the largest tax in American history, even surpassing the Carter fiasco.

[Ruthless1]

12:54 PM on 04/22/2012

They have already gotten creative about the debit criss. Now it is time to get real about the situation. It is not possible to get out of a hole by digging it deeper.

[had410]

02:46 PM on 04/22/2012

The bankers are in charge, the deeper the hole the more money they make. Obama and Romney have been bought by the bankers, so be prepared for the hole to get so deep it collapses in on us.

Ron Paul 2012

[xcitemint]

12:26 PM on 04/22/2012

I just love reading brilliant statements like "be creative in fighting its debt crisis" which is code for fight the debt crisis by creating more debt!
At least you weren't stupid enough to talk about credit ratings this time (and contrary to your brilliant prediction we were downgraded).
How much longer do you think you can keep all of the balls in the air Timmy? I am pretty impressed to this point considering you can't even correctly calculate your taxes - or was that intentional?

[nogimmicks]

12:06 PM on 04/22/2012

The IMF, Fed or ECB 'officials' talking about each other is like the left side of the mouth talking to the right side of the same mouth, while the jaws of that mouth keep grinding down everything around us.

[PenFighter]

11:49 AM on 04/22/2012

Yeah... YOU guys get creative so we can continue playing the same stodgy old game of protecting our moneyed corporatocracy here in the states.

[jwilson1]

10:58 AM on 04/22/2012

OK TIM why don't we just send them a Trillion or so to help them out! We should all take a lesson from Germany. Balanced budgets and a strong economy. Let's just copy what they do.