Wednesday, October 12, 2011

Geithner to Head to Paris to Muscle European Leaders

There will be no more European foot dragging on printing money and bailing out the PIIGS.

That's the message Treasury Secretary Geithner will deliver on a trip this week to Paris, France to attend the G-20 Meeting of Finance Ministers and Central Bank Governors on October 14th and 15th.

In a briefing for reporters, Treasury Undersecretary Lael Brainard said that a "robust discussion" about the EuroZone is expected at the meetings. The Undersecretary also said that the "U.S. has a significant stake" in the outcome of how the European financial crisis is resolved and that the Treasury Secretary expects Europe to "intensify resolute action."

Brainard also pointed out that President Obama, in recent days, has made calls to French President Sarkozy and UK Prime Minister Cameron about crisis resolution.

Most alarming, Brainard said discussion would also include the necessity for "governance changes" in European countries to better co-ordinate the economies.

Bottom line: The United States has had enough of European foot-dragging during the EuroZone financial crisis. The serious money printing in Europe is about to begin. Brainard called it insuring that the EZ has the "liquidity and capital" needed.

Further, the globalists are going to use the crisis to advance more unified control over the EZ member countries.

Welcome to the New World Order (European Edition).

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