by Calculated Risk on 9/16/2011 08:44:00 AM

Not much news yet ...

From Reuters: Geithner Presses EU to Act Decisively, Speak as One

U.S. Treasury Secretary Timothy Geithner told EU finance ministers on Friday they should end loose talk about a euro zone break-up and work more closely with the European Central Bank to tackle the debt crisis.
...
"What is very damaging (in Europe) from the outside is not the divisiveness about the broader debate, about strategy, but about the ongoing conflict between governments and the central bank, and you need both to work together to do what is essential to the resolution of any crisis," he said.

"Governments and central banks have to take out the catastrophic risks from markets ...(and avoid) loose talk about dismantling the institutions of the euro."

And from the WSJ: Finance Chiefs Meet to Resolve Splits on Crisis

Euro-zone finance ministers gathering for two days of talks said they would strive to ease market tensions caused by the region's escalating sovereign-debt problems but didn't appear ready to overcome divisions that have marred efforts to resolve the crisis.