Geithner to float idea of leveraging euro rescue.
WROCLAW, Poland (TAP)-Treasury Secretary Timothy Geithner is likely
to suggest to European finance ministers on Friday they leverage their
bailout fund along the lines of the U.S. TALF programme, EU officials
said. "Geithner will probably insist on the importance of leverage
to have more funds to ringfence the big Europeans, Italy and Spain, and
to find a solution for Greece, " one EU official said. TALF -- the
Term Asset-Backed Securities Loan Facility -- was set up by the U.S.
Federal Reserve and the U.S. Treasury during the global financial crisis
in 2008 to jumpstart the frozen Asset Backed Securities (ABS) market.
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