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Geithner will not discuss possible Greek default * *PIC*

Geithner will not discuss possible Greek default (by Greg Robb)

WASHINGTON (MarketWatch) - Treasury Secretary Timothy Geithner on Thursday declined to discuss the ramifications on the U.S. of a possible default by Greece. Interviewed at a National Journal conference, Geithner noted that German Chancellor Angela Merkel has pledged that "Europe will not allow Greece to be Europe's Lehman Brothers." Geithner said European leaders are dealing with issues that are "much bigger than Greece." What Europe is trying to do is build the fiscal and financial compliments to the initial monetary union, he said. "There is a broader recognition that without those broader fiscal and financial compliments, their framework is not going to work," he said. Geithner also said that China needed to "move faster" to allow its currency to strengthen.