Wednesday, June 20, 2007

Fed's Geithner urges more forex flexibility in Asia

(Reuters) - "The countries directly affected by the crises a decade ago are fundamentally stronger. The balance sheet weaknesses have been transformed into strength," Geithner said in comments prepared for his speech today, according to an advance copy obtained by Reuters.




Still, while "acute, self-reinforcing panic" may no longer be in the cards, Asian countries still have a way to go, especially on currency reform, he said.


Read more at Reuters.com Hot Stocks News

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