Wall Street Journal
June 22, 2011
Treasury Secretary Timothy Geithner on Tuesday urged Europe to start speaking with one voice as it looks to resolve Greece's financial crisis.
"I think it is very hard for people who invest in Europe—within Europe and outside Europe—to understand what [Europe's] strategy is when you have so many people talking," Mr. Geithner said at The Wall Street Journal CFO Forum. "The simple rule of crisis management is you want to have a simple, clear, unified declarative strategy."
Still, the Treasury secretary said Europe has the means to avoid a short-term crisis and to preserve monetary union within the euro zone. "There is no reason why they can't preserve the basic elements of monetary union," he said.
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