Geithner says confident Europe 'will succeed' on crisis

7th December 2011, Comments 0 comments

US Treasury Secretary Timothy Geithner said on Wednesday he was confident that European Union leaders would find a way out of their debt crisis, and that this was important for the US and the world.

"I assessed how important it is for the US and countries around the world that Europe succeed," Geithner said after talks with French Finance Minister Francois Baroin in Paris. "I'm confident they will succeed."

Geithner, who is meeting eurozone leaders ahead of a crucial European Union summit in Brussels on Thursday, said that he wanted to "try to make sure there is a sufficient strong firewall in place" to prevent the crisis spreading.

"We exchanged views on the need for the highest possible firewall to avoid contagion," Baroin said, after laying out French-German proposals aimed at bolstering eurozone discipline to be examined at the Brussels summit.

© 2011 AFP

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