Stimulus, not transactions tax needed: Geithner » financialsurfer.com

Stimulus, not transactions tax needed: Geithner

November 7th, 2009 | Category: Industry News
By Glenn Somerville ST ANDREWS, Scotland (Reuters) - Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior. Speaking at the conclusion of a two-day meeting of Group of 20 finance minister and central bankers, Geithner said there was broad agreement that “growth remains the dominant…

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