Geithner: Asian economies must restore global growth

US treasury secretary Timothy Geithner has urged Asia-Pacific countries to ramp up their efforts to restore growth in the global economy.

At a meeting of the 21 Asia-Pacific Economic Co-operation (Apec) countries, Geithner pressed finance ministers to take action at an upcoming summit in Hawai, the BBC reports. He also urged Europe to put in place a "strong plan" to resolve the ongoing debt crisis. "We are all directly affected by the crisis in Europe. But the economies gathered here are in a better position than most to take steps to strengthen growth in the face of these pressures from Europe," he said. Many APEC countries have experienced rapid increases in economic growth, vastly overshadowing the sluggish progr...