U.S. Treasury Secretary Timothy Geithner insisted Wednesday that European leaders are ready to do more to support the euro from the debt crisis that is crippling Greece and shaking global markets.Ahead of a teleconference between the leaders of Greece, France and Germany on Wednesday evening, Geithner sought to convince markets that European governments understood the severity of the crisis and that more would need to be done. Geithner, who is to join eurozone finance ministers this weekend in a meeting in Poland, stressed that European governments have to make it clear they "stand behind" the financial system so that it can fund and finance the economic recovery. Traders nevertheless hoped that some form of new support would emerge and pushed Greek shares higher. Some analysts saw it more as an exercise in damage control after the flurry of recent -- and often contradictory -- statements coming from Europe.
