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Geithner pressed euro finmins to leverage EFSF, no reference to TALF-source
Reuters - 16/09/2011 09:24:05
WROCLAW, Poland, Sept 16 (Reuters) -
U.S. Treasury Secretary Timothy Geithner pressed euro zone finance ministers in a brief meeting on Friday to leverage the bloc's bailout fund to help solve the sovereign debt crisis, a senior euro zone official said.
The source added that Geithner made no reference to a 2008 U.S. emergency loan programme called TALF, that sources have said could be a model for the EFSF and he gave no details of how such leveraging could be done.




U.S. Treasury Secretary Timothy Geithner pressed euro zone finance ministers in a brief meeting on Friday to leverage the bloc's bailout fund to help solve the sovereign debt crisis, a senior euro zone official said.
The source added that Geithner made no reference to a 2008 U.S. emergency loan programme called TALF, that sources have said could be a model for the EFSF and he gave no details of how such leveraging could be done.