Geithner says sovereign debt crisis not biggest threat-report

SHANGHAI, May 22 (BestGrowthStock) – U.S. Treasury Secretary
Timothy Geithner said he did not agree with the current opinion
that sovereign debt crisis had become the biggest threat to
the world economy, China’s Xinhua news agency said on Saturday.

“You see some of the challenges in Europe now. But I think
we are in a much stronger position to manage those challenges,”
he told Xinhua in an interview.

Geithner said the global economy was in a much stronger
position to withstand coming pressure from Europe. He also said
the U.S. dollar had been rising because there was quite a lot
of confidence in the U.S. economy around the world.

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Geithner says sovereign debt crisis not biggest threat-report