Geithner to Urge Germany for Supporting European Rescue Program
Geithner to Urge Germany for Supporting European Rescue Program

US Treasury Secretary, Timothy Geithner will be sending two official messages across to Germany officials, suggesting them to pay better attention on potential market reactions and policies moves; and accelerate the European rescue program.

Germany approved the €147.6 billion contribution to the European rescue program on Friday.

Mr. Geithner, during his visit to China next week regarding economics and politics, will also take a tour through Europe.

The Governments supported EU’s budget policies at the Brussels meeting. "We already found agreement on the four main objectives and also on the direction in which we will move forward for each of them", said EU President Herman Van Rompuy.

The policies and objectives are based on developing an enduring mechanism for assisting the debt-ridden EU Governments and manage economic meltdowns.

Mr. Van Rompuy and his task force are heading the charge of maintaining a fiscal order in the economic bloc. This discipline is the most needed in the euro zone as the members need to follow a set of standards and curb their deficits and debts.

Mr. Van Rompuy shared that the foremost endeavor of his team is to ensure quick implementation of improvement measures. All the changes need the approval of 27 EU countries.

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