Geithner Says Europe’s Leaders Failing to Speak With Unity on Greek Crisis

Bloomberg
June 21, 2011

U.S. Treasury Secretary Timothy F. Geithner criticized European leaders for failing to speak with one voice on resolving Greece’s debt crisis.

“It would be very helpful to have Europe speak with a clearer, more unified voice on the strategy,” Geithner said today in Washington. “I think it’s very hard for people to invest in Europe, within Europe and outside Europe, to understand what the strategy is when you have so many people talking.”

Greek Prime Minister George Papandreou faces a confidence vote in his government today that may determine whether Greece becomes the first euro-area country to default. Euro-area finance chiefs, pushing Greece to pass the laws needed to cut its deficit and sell state assets, yesterday left open whether the country will get the full 12 billion euros ($17 billion) promised for July as part of last year’s 110 billion-euro international rescue package.

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