US Minister of Finance: World should rely less on U.S.

US Minister of Finance: World should rely less on U.S.
# 25 June 2010 11:31 (UTC +04:00)
Baku - APA-Economics. US Treasury Secretary Timothy Geithner has told the BBC that the world "cannot depend as much on the US as it did in the past", BBC reported.

He said that other major economies would have to grow more for the global economy to prosper.

He also played down any differences in policy between the US and Europe regarding deficit reduction.

Mr Geithner said the US and Europe "have much more in common than we have differences".

"We all agree that we have to restore responsibility to our fiscal positions. Everyone agrees that those deficits have to come down over time to a level that’s sustainable," he said.
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