Geithner will meet with finance officials in Britain and Germany over debt crisis
By Martin Crutsinger, APThursday, May 20, 2010
Geithner plans trip to Britain and Germany
WASHINGTON — Treasury Secretary Timothy Geithner will confer with finance officials in Britain and Germany next week about ways to restore global confidence in the financial system on a trip.
The Treasury Department announced the trip Thursday after a rough day on global financial markets. The Dow Jones industrial average fell 376 points, its biggest point drop since February 2009.
Investors are concerned that the debt problems in Greece and Portugal will spill over to other countries in Europe and threaten to derail the economic recovery in the United States and elsewhere.
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