Showing posts with label Rome. Show all posts
Showing posts with label Rome. Show all posts

Tuesday, February 17, 2009

The Bitter Critics

In contrast to his G-8 peers,Mr.Geithner has been subjected to bitter criticism by commentators at home.Among remarks made about Mr.Geithner were that he isn't worthy of respect and that he was hiding out in Rome.The critics are dissatisfied with his deliberate,consultative style.Several of them have expressed anti-European sentiments in the past,while Mr.Geithner is intent on fostering international cooperation.His few weeks in office have disappointed a Wall Street crazed by the disastrous results of its own misbehavior and ignorance.As well,Mr.Geithner takes an intellectual approach to the crisis that is culturally at odds with the vociferous impatience of day traders and television personalities.What's important now is you have around the world a much greater sense of urgency and commitment,Mr.Geithner said in Rome.We all recognize that the power of what we do individually will be much more effective if we move together,the new Treasury Secretary related.

Ministers React to Geithner

The G-8 finance ministers seemed to appreciate U.S. Treasury Secretary Timothy Geithner's presentation in Rome.Alistair Darling,the British Chancellor of the Exchequer,said it was quite clear the new American administration is getting into its stride.It wants to make a difference,not just for Americans,but for the world.The G-8 ministers described Mr.Geithner as helpful in explaining President Obama's plans,especially the integration of the various initiatives and the operation of the public-private fund for troubled assets.