Timmy praises the European leaders for “fixing” the Economy, but more needs to be done. Maybe, if they start some serious printing, the DAX could hit 13k as well, and all will be fine. Maybe it’s time for Timmy to turn to Apple’s Tim for explanation of how you build reserves, instead of spending money you don’t have. By Reuters;
U.S. Treasury Secretary Tim Geithner on Saturday (February 25) praised European leaders for the steps they have taken to tackle the debt crisis in the euro zone, but warned that there was still much left to do. “I hope that we are going to see, and I expect we will see, continued efforts by the Europeans not just to deliver on the reform commitments they have made to economic policy but to the institutions of Europe and to put in place a, to use the European phrase, to put in place a stronger and more credible firewall,” Geithner told a lunch hosted by the International Institute of Finance (IIF) on the sidelines of the G20meeting in Mexico City.