Thu, 14 Jun 2012 13:10:45 GMT
European officials understand they have to ensure further actions: Geithner
Timothy F. Geithner, the U.S. Treasury Secretary, said that the
European officials understand that they have to invest more effort in order to
control the debt crisis in Europe. Geithner said
that the Spanish bailout is a solid indication that Europe is engaged in
developing a larger banking union. The Treasury Secretary also added that such
a system is vital due to the growing tension,