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Geithner calls for quick economic action

Feb. 15, 2009 at 9:57 AM   |   Comments

ROME, Feb. 15 (UPI) -- U.S. Treasury Secretary Timothy Geithner called on leaders of the Group of Seven nations meeting in Rome to move quickly to fix their economies.

Geithner, in making his international debut Saturday at the G7 meeting, advised the United States' counterparts to emulate the Obama administration in developing economic rescue strategies early and making them big enough to meet extraordinary challenges, The Washington Post reported Sunday.

"You've seen the new administration in the U.S. move with unprecedented speed, not just to work with the Congress to authorize new resources to help strengthen the financial system, but to move very, very quickly to put in place this very powerful economic recovery plan," Geithner told reporters after the meeting.

Officials said his message was well received at the G7 talks, attended by the United States, Canada, Japan, Britain, France, Germany and Italy, along with Russia and world financial organizations.

"What Tim Geithner wanted to do is set out the framework in which he's operating," Britain's Chancellor of the Exchequer Alistair Darling told the Post. "But he's made it very clear that he sees the urgency of this."

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