“The problems currently faced by peripheral Europe could be a dress rehearsal for what the U.S. and U.K. may face further down the road,” Jim Reid, a strategist at Deutsche Bank in London, wrote in a research note today.
Greece ?Dress Rehearsal? for U.S., Deutsche Bank Says (Update2) - Bloomberg.com
Greece ?Dress Rehearsal? for U.S., Deutsche Bank Says (Update2) - Bloomberg.comFeb. 6 (Bloomberg) -- U.S. Treasury Secretary Timothy F. Geithner said that European officials offered a “comprehensive” review of conditions in Greece along with the plan for managing the country’s budget situation.
“The European authorities gave us a very comprehensive review of the program now in place to address the challenges faced by the Greek economy,” Geithner told reporters today after a meeting with finance ministers from the Group of Seven nations.

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