Geithner: need stimulus, not financial transactions tax

Nov 8th, 2009 - Reuters

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Geithner: need stimulus, not financial transactions tax

ST ANDREWS, Scotland (Reuters) - Treasury Secretary Timothy Geithner on Saturday stressed the necessity of keeping global economic stimulus in place until recovery is assured and opposed the utility of a tax on financial transactions as a way to dampen risky bank behavior.

Speaking at the conclusion of a two-day meeting of Group of 20 finance minister and central bankers, Geithner said there was broad agreement that "growth remains the dominant policy imperative across our economies."

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