Geithner Welcomes Progress On Greek Finances

Treasury Secretary Tim Geithner told Greece’s finance minister Monday that he “welcomed the progress” from Greece in implementing measures for its economic overhaul, the Treasury Department said in a statement.
In a meeting with Greek Finance Minister Evangelos Venizelos, Geithner “underscored the need for continued and full implementation of the program,” the statement said. “They also discussed the agreement reached by European leaders last week to reinforce the institutions of the euro area.”
Venizelos was in Washington for meetings to assure Treasury and International Monetary Fund officials that his country can carry out the economic programs necessary for an expanded bailout package. Earlier, he met with IMF chief Christine Lagarde and a raft of fund executive board members and private bankers to discuss the larger financing package Europe agreed to late last week.
(source: Dow Jones)