Geithner: Criticisms are exaggerated

Published: April 1, 2009 at 11:02 PM

LONDON, April 1 (UPI) -- The U.S. treasury secretary says differences between the United States and other countries on how to deal with global financial problems are exaggerated.

U.S. Treasury Secretary Timothy Geithner said as world leaders grapple with the financial situation, global cooperation is at its highest level since World War II, ABC News reported Wednesday.

The treasury secretary also downplayed reports Czech Republic Prime Minister Mirek Topolanek said the U.S. rescue plan was a "road to hell" and French President Nicolas Sarkozy's threat to walk out of the G20 summit in London if President Barack Obama doesn't agree to his demands for tougher banking controls.

"Each of our actions are going to be more powerful if we're moving together," Geithner said.

"I think the world is with the president on this. I think there is very broad support for it. I think the differences you've seen are dramatically exaggerated. ... I think this is the strongest moment of cooperation globally you've seen since the Second World War."

© 2009 United Press International, Inc. All Rights Reserved.
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