It should not have been a surprise that US Treasury Secretary Timothy Geithner veered between fits of laughter and a tone of chilling gravity when he spoke to the Council on Foreign Relations in Washington this week.
The only member of President Barack Obama's original economic team still in office, Geithner must surely have a full-blown case of crisis fatigue. When he became the 75th Treasury Secretary in early 2009, the epicentre of the crisis was on Wall Street and rippling out with devastating effect across the rest of America. As he embarks on his final five months - Geithner has said he is quitting even if Obama wins another four years in the White House - the darkest clouds are coming from across the Atlantic.
Very interesting quotes..........Geithner told his audience that European governments are constantly turning to policymakers in the US for ideas and suggestions on how to extinguish the immediate financial fires on the Continent while at the same time moving the 17 countries in the Eurozone towards closer political and economic union.
America will soon need to take advice it offers Europe - Telegraph