Monday, November 14, 2011

Geithner Joins EU Finance Ministers in Poland

Germany’s Chancellor, Merkel met with the Prime Minister of Finland on Tuesday, where I would have liked to have been a fly on the wall, given the growing concerns about several members of the Union. The Finance Ministers are gearing up for their meeting on Friday, with U.S. Treasury Secretary Geithner in tow.
Perhaps this is a smart move for the European Union’s Finance Ministers, considering what’s at stake. We can’t ignore the fact that Geithner has first had experience in helping to save a major economy from “falling off a cliff “in 2008. All while maintaining a cool, “everything is in control” façade, avoiding fear and panic, which would have caused total mayhem.

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DOW: Tripple Digit Gains – 9/14/11

It is believed that the Merkel, Germany’s Chancellor strongly declared the EU’s commitment to resolving the issues surrounding Greece’s fiscal troubles. Germany and France are applying pressure in an attempt to urge Greece to implement additional austerity measures.
The Dow Industrial Average closed up 140 point to yield 11, 246.73

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