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Geithner: IMF support hinges on higher euro firewall
Jan 27, 2012, 17:20 GMT
Davos, Switzerland - US Treasury Secretary Timothy Geithner said Friday that the International Monetary Fund's (IMF) efforts to help stem the eurozone crisis would depend on the steps that Europe needed to take first.
'Our view is that the only way Europe is going to be successful in holding this together, making monetary union work, is to build a stronger firewall,' he said at the World Economic Forum in Davos.
If European Union countries expand their crisis fund, the IMF could play a 'constructive role,' he said.
The IMF said this month it hopes to raise its lending capacity by 500 billion dollars (378 billion euros), as it works to combat the debt crisis in the eurozone.
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