On Air Now

Current Show

WSAU Wisconsin Morning News   5:00 AM - 8:00 AM

Seth Mela, Tom King and Chris Conley

Show Info »

Upcoming Shows

Program Schedule »

Listen

Listen Live Now » 550 AM Wausau, WI 99.9 FM Stevens Point, WI

Weather

Current Conditions(Wausau,WI 54403)

More Weather »
29° Feels Like: 29°
Wind: ESE 0 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Mostly Sunny 48°

Tonight

Partly Cloudy 29°

Tomorrow

Few Showers/Wind 61°

Alerts

Geithner doesn't see Fed funding IMF euro response

BERLIN (Reuters) - U.S. Treasury Secretary Timothy Geithner said in Germany on Tuesday that the European Central Bank was playing a positive role in the euro zone debt crisis, but he played down talk that the U.S. Federal Reserve could boost IMF funding for the crisis.

"The reports I've read in the press about what the Fed can do are not accurate," he told a news conference with German Finance Minister Wolfgang Schaeuble, who said Europe can expect further support from the United States and the International Monetary Fund.

One German paper reported this week that the Fed and the central banks of the 17 euro-zone states could pay into a fund to help the IMF contribute to bailouts for debt-ridden euro states.

Geithner said the crisis response must include more fiscal union "to make monetary union more viable in the long run, and the financial support by European governments and central banks in the form of a stronger firewall to allow the financial system of Europe to provide the oxygen necessary for economic growth."

(Reporting by Annika Breidthardt and David Lawder; Writing by Stephen Brown)

Comments