Treasury Secretary Tim Geithner sat for an interview with CNBC this morning in Paris, France, where he is attending a G-20 Meeting of Finance Ministers and Central Bank Governors. Watch the video and read this highlight from the interview:
"I think it's very important that we recognize that growth is still too slow here and around the world. And the most important thing for that to happen, to make sure that the world is growing, not just in the United States but globally, is for Europe to act to fix its financial crisis, for the U.S. Congress to act to enable -- to put in place some reforms to help strengthen growth.
"And we're going to need to see countries around the world adjust their strategy in a way that's going to be more supportive of growth around the world. And one important part of that is for China is to let its exchange rate appreciate more rapidly.
"But even though the eyes of the world are on Europe now, and even though we're pushing very hard to make sure the U.S. acts now to strengthen growth, we need to see a broader global effort to recognize that growth is much slower than we thought it should be, much slower than it should be, and countries should be working together to do things that will help strengthen growth."
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