Tim Geithner reveals in the raw how Europe’s leaders tried to commit financial suicide

Taped transcripts of the former US Treasury Secretary expose a catalogue of errors that will haunt Europe for years, made worse by misplaced righteousness


Tim Geithner discovered what he was up against as early as February 2010 at a G7 gathering Photo: Reuters

By Ambrose Evans-Pritchard, International Business Editor
6:29PM GMT 12 Nov 2014

So now we know: Europe’s leaders did indeed attempt to smash Greece back into the Stone Age out of vindictive rage; conspired to withhold debt support for Italy unless the elected leader was forced out; and mismanaged the EMU crisis for three years with a level of stupidity that makes you want to weep.

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