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hazards" still facing the global economy in an interview published
in the Italian daily Il Sole 24 Ore on Tuesday. "There are many
possible hazards that lie ahead of us. The most dangerous? That
people feel too good too soon. Remember the problems that we had a
year ago," Geithner was quoted as saying. Europe has been quietly
pressing the United States to encourage a strengthening of the
greenback against the euro, and Geithner reiterated his position that
Washington "was in favour of a strong dollar." "This will give us
some direct responsibilities. We have to work hard to maintain
confidence, and the Federal Reserve must defend price stability," he
added. Geithner also forecast "changes" in major economies following
the global financial crisis.
