Huh? That seems to be the collective response of the G7 to Geithner’s somewhat esoteric plan to botster the US financial system. They don’t seem to underdtand it any better than the rest of us…According to Bloomberg:
While Geithner pressured colleagues to take more action to kick-start the global economy, German, French and Canadian officials raised questions about his new strategy, which commits up to $2 trillion to reviving lending and tackling toxic assets.
Canadian Finance Minister Jim Flaherty said in Rome the proposals are “less than clear,” echoing comments by Germany’s Peer Steinbrueck. French counterpart Christine Lagarde said she wants Geithner to “clarify the modalities, the calendar, the way he’s going to implement his plan.”
