Geithner: U.S. won't be hurt by EU crisis

The U.S. will not be harmed economically by the debt crisis in Europe, Treasury Secretary Tim Geithner said in an interview airing today.


Geithner told Bloomberg's Al Hunt that the U.S. economy "is getting stronger. We’re seeing a lot of strength, improvement and confidence.”

The European situation, he said, would not change that.

Geithner also criticized Republican efforts to block any bailout of European countries.

The U.S. has a big stake in the IMF, which just negotiated a trillion dollar bailout package with the European Union.

"We have a big stake in helping Europe manage through these things,” Geithner said. “We’re going to do it in a way that’s sensible for the American economy, the American taxpayer.”