Nieuws-items bij Stabiliteits- en groeipact
04-10-2011Raad bevestigt overeenkomst 'six-pack' (en)
29-09-2011Europese Commissie wil belasting op financiŽle transacties in EU (en)
28-09-2011Europees Parlement keurt "Six-Pack" ter voorkoming nieuwe schuldencrisis goed (en)
28-09-2011Parlement geeft groen licht aan plannen voor economisch bestuur
28-09-2011Europees Parlement stemt in met eurosancties
28-09-2011Stilte in Europa over uitbreiden noodkredieten vanwege stemmingen in Duits parlement (en)
28-09-2011Poolse minister Dowgielewicz over economisch herstel, sterkere EU-instellingen en groei in het Europees Parlement (en)
28-09-2011Eurocommissaris Rehn (Economische en Monetaire Zaken) over goedkeuring Six-Pack door Europees Parlement (en)
26-09-2011Overleg EU en IMF met Griekenland gaat verder
23-09-2011Raad kan formeel akkoord gaan met compromis over maatregelen 'Six-Pack' (en)
23-09-2011Stand van Zaken SixPack (en)
19-09-2011EU-ministers van FinanciŽn niet enthousiast over bezoek Amerikaanse collega aan top (en)
16-09-2011Akkoord over versterking Europese begrotingsregels
16-09-2011'Bijval groeit voor speciale eurocommissaris'
11-09-2011Belgische steun voor Nederlands europlan
09-09-2011'Ierse economie op het goede spoor' (en)
07-09-2011Nederland wil harde aanpak begrotingszondaars
02-09-2011Stilzwijgen in Brussel over oproep Griekenland (en)
29-08-2011Buitengewone zitting economische commissie Europarlement: onwaarschijnlijke opties overwegen om de euro te redden (en)
24-08-2011'Ruimte voor tekort in begrotingsregels grondwet Spanje'
A unprecedented visit by US treasury secretary Timothy Geithner to a meeting of European finance ministers in Poland was coolly received by the gathered European economy chiefs, while the meeting itself saw little advance made on how the eurozone can deal with its ever-deteriorating debt crisis.
In a sign of Washingtonís growing alarm at the inability of EU leaders to tame the situation, Geithner on Friday pressed the bloc to ratchet up its fire-fighting power by leveraging the eurozoneís €440 billion rescue fund.
While the American did not offer a complete prescription to the European finance ministers gathered in Wroclaw Poland, Geithner did recommend that the rescue fund, the European Financial Stability Facility, be used as credit protection against the European Central Bank hoovering up eurozone government bonds.
The move, similar to action taken by the US under its Term Asset-Backed Securities Loan Facility in 2008, would in principle calm market concerns that Europeís bail-out fund is not large enough to aid Italy and Spain. Canada has reportedly made an equivalent suggestion to the Europeans.
Washington is also pressing the bloc to deploy some form of stimulus to kick-start the European economy again.
However, a number of EU ministers felt that Geithner had over-stepped his bounds. The Austrian and Swedish finance chiefs offered reporters particularly sharp words about the intrusion from across the Atlantic.
"He conveyed dramatically that we need to commit money to avoid bringing the system into difficulty," Austrian finance minister Maria Fekter said of the discussion.
She took issue with Washingtonís rejection of European proposals for a financial transaction tax as one source of cash to deal with the crisis.
"I found it peculiar that the Americans, although they themselves have significantly worse fundamental data than the euro area, explain to us what we should do and when we make a proposal ... they say no right away."
Swedenís Anders Borg too argued that Washington has problems of its own to deal with.
"Geithner is right that we need to make progress, but itís quite clear the US has a big debt problem and the situation would be better if the US could show a sustainable way forward," he said, according to a report from Bloomberg.
The head of Germanyís central bank, Jens Weidmann immediately shot down the US plan. "The EFSFís sole purpose is the financing of states and thatís in order as long as itís done via the capital market," he said.
"If itís done via the central bank it constitutes monetary state financing."
German finance minister Wolfgang Schaeuble echoed his compatriotís words: "We don't think that real economic and social problems can be solved by means of monetary policy," he said.
"That has never been the European model and it won't be."
Jean-Claude Juncker, the head of the eurogroup of states - countries that use the single currency, also rebuffed Geithnerís suggestions.
"We are not discussing the expansion or increase of the EFSF with a non-member of the euro area," he said, adding that fiscal stimulus is not on the cards.
"Fiscal consolidation remains a top priority for the euro area," he said.
Nevertheless, a scheme to leverage the EFSF was in the end neither embraced nor rejected, according to officials.
The broader meeting concluded on Saturday, with the EU ministers offering no fresh announcements on crisis containment, even as Greece gallops towards an expected default in mid-October.