Sunday, May 16, 2010

Geithner Tries to Calm Nerves Over Europe’s Uncertain Fate - NYTimes.com

Geithner Tries to Calm Nerves Over Europe’s Uncertain Fate - NYTimes.com: "As investors absorb the details — and the potential weaknesses — of the $1 trillion European rescue plan, Mr. Geithner seemed to be trying to draw a sharp, if implicit, contrast to remarks last week from another senior economic adviser to President Barack Obama, Paul A. Volcker. Mr. Volcker, a former Federal Reserve chairman, startled some investors when he spoke of a possible “disintegration” of the euro zone — a striking shift from his expressions of confidence of only two months earlier.
Partly because of Mr. Volcker’s"


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