“For these economic reforms to work, policy makers in the euro area will have to be careful to calibrate the mix of financial support and the pace of fiscal consolidation,” Geithner said in remarks prepared for delivery tomorrow to the House Financial Services Committee and posted on the panel’s website. “The reforms will take time and they will not work without financial support that enables governments to borrow at affordable rates and keeps the overall rates of interest across the economy at levels that won’t kill growth.”
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