U.S. Treasury Secretary Timothy Geithner and his German counterpart stressed the need for coordinated action Monday in the face of the eurozone debt crisis and faltering global growth, but left open what joint steps Europe and the United States would take to shore up the world economy in the coming months.
The joint statement made no reference to Greece, which has struggled to implement the reform package agreed with its creditors.
Sung Won Sohn, an economics professor at the Martin Smith School of Business at California State University Channel Islands, said the joint Geithner-Schaeuble statement did not offer any new solutions for the European debt crisis.
The joint statement made no reference to Greece, which has struggled to implement the reform package agreed with its creditors.
Sung Won Sohn, an economics professor at the Martin Smith School of Business at California State University Channel Islands, said the joint Geithner-Schaeuble statement did not offer any new solutions for the European debt crisis.
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