June 19th, 2012
06:58 PM ET

European leaders at G-20 summit discuss bank support

Los Cabos, Mexico (CNN) - European leaders at the G-20 Summit discussed their desire for a "fiscal union" that will support their banks, U.S. Treasury Secretary Timothy Geithner said Tuesday.

Geithner said European leaders, meeting again late next week, want to design a long-term framework for stability and take immediate steps to back financial systems.

"What this means is a framework of reforms so they can stand behind their banks, provide capital to the banks that need it, make sure they're protecting the safety of their depositors," Geithner said.

Read the entire story here.


Topics: G-20 • Timothy Geithner

soundoff (3 Responses)
  1. Frank Marshall Davis

    They'll decide nothing here, it's all window dressing.

    June 19, 2012 at 7:32 pm |
  2. California

    The U.S. will continue to throwBillions to Europe through the IMF.

    June 19, 2012 at 11:37 pm |
  3. MikeB

    The Globalist Elite 1%.
    These are your Masters now.

    June 20, 2012 at 12:02 am |