10/15/2011

So why are Americans giving money to Greeks and other Europeans who can't control their government spending?

Treasury Secretary Timothy Geithner told CNBC:

Through the IMF, of course, we're already playing a very major role. We're happy to see the IMF continue to play that role in support of a more forceful, comprehensive strategy where Europe's own resources—very ample resources—are deployed on a much more substantial scale. . . .

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