Last Wednesday, speaking at the Council on Foreign Relations, Treasury Secretary Tim Geithner had this to say about the deepening European crisis: "If you wait to move on these things and you let the market get ahead of you, then you increase the cost of the solutions." Geithner was referring to efforts by European leaders to shore up Europe's banking system and public finances, to regain the trust of money markets. But what's really at work here?

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  • Robert Kuttner
    Robert Kuttner is co-founder and co-editor of The American Prospect, and professor at Brandeis University’s Heller School. His latest book is Going Big: FDR’s Legacy, Biden’s New Deal, and the ...
    09/20/2019 - 7:09 am | View Link
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