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Showing posts with label G7 meeting. Show all posts
Showing posts with label G7 meeting. Show all posts

Tuesday, September 13, 2011

Geithner to urge bigger EFSF, rapid action: source

BRUSSELS (Reuters) - Treasury Secretary Timothy Geithner is likely to urge euro zone finance ministers on Friday to speed up ratification of changes to their bailout fund and consider boosting its size, an EU source said on Tuesday.

The official said Washington was worried that the euro zone was not acting fast enough to enhance the EFSF fund and that the stability of the global financial system was at stake.