The euro zone shuns Geithner

[nadinbrzezinski]

Tim Geithner has experience flying around the world to address finance ministers and instructing them on how to solve their problems. He was a senior executive at the IMF from 2011 to 2003, after all — a period which coincided with major sovereign crises in South America.

So it may or may not be surprising that his latest attempt at such activity, in sunny Wroclaw, fell spectacularly flat. He waltzed into a meeting of euro zone finance ministers (he took a private car, they shared a bus), and informed them that they should follow his lead and leverage the money in the EFSF. In unison, the finance ministers responded by saying “why, Mr Geithner, that’s a simply spectacular idea, we’re shamefaced to admit that we didn’t think of it ourselves. Thanks for your advice, we’ll follow it, to the letter, forthwith!”

http://blogs.reuters.com/felix-salmon/2011/09/16/the-euro-zone-shuns-geithner/

hmmm

[dixiegrrrrl]

1. from 2011 TO 2003?

When did he have time to be Treasury Sec. all these years?

[roamer65]

2. The Europeans have 1 month to solve this crisis...

or the currency markets will solve it for them.

The fiat currency system will begin to disintegrate.

[nadinbrzezinski]

3. Technical here, LIBOR... three weeks

:hide:

[roamer65]

4. Sounds like another fun October, eh nadin?

Just like 1929.

[nadinbrzezinski]

5. all the way to '32

all parallels are well... parallels.

:hi: