Geithner Hints at U.S. Support for More IMF Funds |
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January 27, 2012
U.S. Treasury Secretary Timothy Geithner hinted Friday that the Obama administration could support an increase in resources for the International Monetary Fund to fight the euro crisis, and also sounded a note of cautious optimism on the U.S. economy.
The U.S. could support an increase in IMF resources, but only if Europe puts more of its own money on the line first, he said in a public question-and-answer session at the World Economic Forum in Davos, Switzerland.
Mr. Geithner said he could envision the IMF doing more to support European efforts to contain its debt crisis, "but it cannot substitute" for a lack of commitment from Europe. He said that European governments themselves accept this fact.
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