Bloomberg News

Geithner Says Europe Committed to Avoiding a ‘Lehman Brothers’

September 14, 2011

Sept. 14 (Bloomberg) -- U.S. Treasury Secretary Timothy F. Geithner said “there is no chance that the major countries of Europe will let their institutions be at risk in the eyes of the market.”

Geithner, speaking at a conference in New York today, said German Chancellor Angela Merkel has repeatedly said “we are not going to have a Lehman Brothers,” a reference to the collapse of Lehman Brothers Holdings Inc. in 2008, which deepened the financial crisis.

“I think she recognizes that they’ve got to do some more to make sure that they make that commitment credible to the world,” Geithner said at the Delivering Alpha conference broadcast on CNBC.

--Editors: Christopher Wellisz, James Tyson

To contact the reporter on this story: Ian Katz in Washington at ikatz2@bloomberg.net.

To contact the editor responsible for this story: Christopher Wellisz at cwellisz@bloomberg.net


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