September 14, 2011

ECB's Weidmann Criticizes Political Inability To Solve Euro Crisis

(RTTNews) - European Central Bank policymaker Jens Weidmann on Tuesday said that the politicians' attempts to solve the problems in Europe and to erase the crisis symptoms are weakening people's confidence in authorities and in the deals agreed among institutions.

Geithner to take crisis message to European finance talks

Treasury Secretary Timothy F. Geithner plans to urge European Union finance ministers to step up their crisis-fighting strategy when he meets with them this week in Poland, a euro-area official said.

The official spoke on the condition of anonymity because preparations for the meeting, which takes place in Wroclaw, Poland, on Sept. 16 and 17, are confidential. It will be the first time Geithner has attended a session of Europe’s Economic and Financial Affairs Council, known as Ecofin.