US Treasury Secretary Geithner says the recession is easing, but that the global economy still faces major challenges. However, improvements in U.S. economic conditions coming sooner than expected. Recovery depends critically on restoring, stabilising U.S. financial system.
Geithner feels dollar’s role in world finance means U.S. has a special responsibility to deal with the current crisis. Feels U.S. acted aggressively to counter crisis, helping ward off even deeper recession.
It goes on. All standard fare.
