US’s Geithner:growth momentum to overcome Europe’s woes

WASHINGTON, June 3 (BestGrowthStock) – U.S. Treasury secretary
Timothy Geithner said on Thursday that the global economy had
enough momentum before Europe’s debt crisis struck to weather
it without a sharp downturn.

“We have a moderate but pretty solid recovery in place” he
said in an interview on CNBC television. Geithner was in
Alaska, enroute to a meeting of Group of 20 finance ministers
and central bankers in Busan, Korea, on Friday and Saturday.

“The world economy came into this period of concern about
Europe with stronger underlying momentum and growth than many
people expected and we’re in a much stronger position to get
through this, “he said.

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(Reporting by Glenn Somerville and Emily Kaiser)

US’s Geithner:growth momentum to overcome Europe’s woes