US, Europe fall out of step on global financial reform

The global campaign to harmonize rules for financial firms is swerving off course, threatening efforts to curb the risky bets that rocked the world economy two years ago. As US Treasury secretary Timothy Geithner lands in Europe on Wednesday, differences are growing among world leaders over how to keep the promise they made at the height of the financial crisis: that they would work together to reshape how finance is governed.

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