Geithner to Europe for Key Meetings

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By Douglas A. McIntyre Updated Published
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Treasury Secretary Tim Geithner has gone to Europe to visit the finance minister of Germany, Wolfgang Schaeuble, and European Central Bank (ECB) chief Mario Draghi. His hosts often do not welcome Geithner because he uses his time in Europe to lecture the leaders of EU countries about the shortcomings of their banking systems and bailout approaches. The Europeans hate it and want to know why Geithner has done so little to fix similar problems in the United States. But Geithner has a good motivation to go to Europe.

Draghi wants to help the European nations that have to pay high yields to raise money through the aggressive purchase of their sovereign debt. The Germans have said they are skeptical and may try to slow or block the plan. Even if the Germans go along, no one knows whether the ECB can buy enough of the sovereign paper of nations like Spain, should capital markets continue to dump it.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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