US Treasury Secretary’s Debt Advice to Europe Generates Some Blowback

Joshua Chaffin and Alex Barker in Wroclaw and Kerin Hope in Athens:

However, some eurozone finance ministers hit back at Mr Geithner’s comments, questioning the usefulness of his visit.



“I found it peculiar that even though the Americans have significantly worse fundamental data than the eurozone, that they tell us what we should do and when we make a suggestion … that they say no straight away,” said Maria Fekter, Austria’s finance minister.



Sweden’s Anders Borg said: “we need to make progress, but it’s quite clear the US has a big debt problem and the situation would be better if the US could show a sustainable way forward.”

Amazing.