The US Treasury Sec is speaking to CNBC

  • A unified Europe has been a source of stability
  • The rate of technological change is creating much anxiety in the US and world
  • Free trade is a very important thing for US to protect
  • We pushed China very hard to open markets and be competitive
  • It's also important to recognise when China makes a positive move (doesn't give an example though ;-) )

I don't remember much stability when European banks were standing on the edge of a big dark hole but hey, time's a healer eh? ;-)