No more crisis sweet-talking

Published on 27 May 2010 at 12:47

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Washington has criticised the countries of the eurozone for doing too little to restore the world's economy, reports Süddeutsche Zeitung, on the occasion of Timothy Geithner's visit to Berlin and London. The American Treasury Secretary has accused European states of endangering global growth with austerity plans and adopting an attitude that will sabotage the next G20, scheduled to take place at the end of June in Huntsville, Canada. In particular, Washington wants France and Germany to do more to promote growth to help countries on the periphery of the eurozone. "Geithner's whistle-stop visit to Berlin should be interpreted as an expression of disarray," notes *SZ*. The Munich daily believes that Berlin's lone crusade against financial market speculators has made "Germany a risk factor for the global economy."

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