Europe entering a most critical period
Treasury Secretary Timothy Geithner is set to embark on a whirlwind trip through Europe’s capitals to meet with finance ministers as Europe enters a critical week. Markets in the US and abroad will certainly reflect the turbulence of the moment with another week of ups and downs. So, just what is at stake in the days before European leaders meet in Brussels?
“This week, the stable future of the euro and thus the economic recovery in Europe and employment are at stake,” EU Economic and Monetary Affairs Commissioner Olli Rehn tells Reuters.