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FBN’s Peter Barnes weighs in on central bankers pressing European leaders to strengthen Spain’s banking system.
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Debt crisis showing no signs of a resolution a big surprise -- -- a German newspaper reporting to the emergency bailout fund.
Is getting ready to help Spain -- as needed and this comes -- to the G-7 finance leaders held an emergency conference call earlier today.
-- bombs in Washington with the very latest on this story -- Well that's right actually G-7 finance chiefs and central bankers pressing European leaders to get more aggressive about their debt crisis in that teleconference call this morning.
The -- -- included Treasury Secretary Tim Geithner Fed Chairman Ben Bernanke.
Now the group's priority right now is a Euro -- plan to bolster the banking system.
Especially for Spain as you just reported the US treasury released this statement about a half an hour earlier this morning.
About the call quote the G-7 ministers and governors reviewed developments in the global economy and financial markets and the policy response under consideration.
Including the progress towards financial and fiscal union in Europe they agreed to monitor developments closely.
-- of the G-20 summit in Los got us Mexico in a few weeks from now.
A top Obama economic advisor Mike from and said at a briefing just ended.
That people are expecting the Europeans to make progress on debt and banking issues in coming weeks he said quote it is clear now from the markets that they expected more and more is.
Is needed Ashley.
High -- bonds in Washington Peter thank you very much appreciate it.
