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Geithner Says Europe Must Deliver Growth

In an interview with the BBC, US Treasury Secretary Timothy Geithner said that it “remains a priority” that the European Union concentrate on growth. Geithner made it clear that this is the message he will deliver at the G8 and G20 summit meetings starting later today in Toronto.

“Europe can make a choice to put in place the reforms and policies that will provide the possibility of stronger growth rates in the future”, said Geighner. “This meeting gives us the chance to sit together and look at whether we’ve got a broad strategy across the country that’s going to strengthen this recovery. Our job is to make sure we’re all sitting there together to focus on this challenge of growth and confidence because growth and confidence are paramount.”

Source: BBC News

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May
24
Today’s Global
Market Events
8:30am

CAD
Corporate Profits q/q
9.0%
USD
Core Durable Goods Orders m/m
1.1% vs. -0.8%
USD
Unemployment Claims
372K vs. 370K
USD
Durable Goods Orders m/m
0.5% vs. -4.0%
9:00am

EUR
ECB President Draghi Speaks
EUR
Belgium NBB Business Climate
-10.6 vs. -10.7
10:30am

USD
FOMC Member Dudley Speaks
USD
Natural Gas Storage
77B vs. 61B
1:00pm

USD
FOMC Member Dudley Speaks
3:00pm

USD
Treasury Sec Geithner Speaks
7:30pm

JPY
Tokyo Core CPI y/y
-0.5% vs. -0.5%
JPY
National Core CPI y/y
0.1% vs. 0.2%