Turbo Tim Geithner is heading to Paris to make sure the Eurozone completely understands that global QE must continue TO INFINITY....AND BEYOND!!!
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.