Geithner says G7 should act ‘promptly’ on economy

AFP
February 9, 2009

US Treasury Secretary Timothy Geithner urged finance ministers of the Group of Seven nations Monday to act “promptly to restore health to the global economy,” a statement said.

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The Treasury said Geithner spoke early Monday to “a collective group of G7 finance ministers via conference call” ahead of the upcoming gathering in Rome opening Friday.

“His outreach underscored the imperative of all countries acting promptly to restore health to the global economy and financial sectors,” the statement said.

“He looks forward to further discussions on this topic with G7 ministers in Rome this weekend.”

The statement offered no further details of any specific plans or proposals for the G7 meeting.

Geithner is to travel to Italy for the gathering of top finance officials including central bank governors, a meeting which normally plays a key role in economic coordination among the major industrialized nations.

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This article was posted: Monday, February 9, 2009 at 11:39 am

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