CRIMES AND CORRUPTIONS OF THE NEW WORLD ORDER NEWS (mparent7777_1) wrote,
CRIMES AND CORRUPTIONS OF THE NEW WORLD ORDER NEWS
mparent7777_1

Taxpayers to pay for damaged Georgian economy

INTERVIEW-US Treasury considers help for Georgia's economy

Lesley Wroughton

Reuters North American News Service

Aug 15, 2008 17:48 EST

WASHINGTON (Reuters) - The United States is exploring ways to assist Georgia's economy including how global financial institutions can help limit economic damage caused by the conflict with Russia, a senior U.S. Treasury official said Friday.

Assistant Treasury Secretary Clay Lowery said the situation in Georgia was "fluid" and it was hard to know how much harm was done to the economy and investor confidence since the crisis erupted over the breakaway South Ossetia region.

"We want to be supportive of the Georgia economic situation going forward and that includes bilateral and multilateral needs," Lowery said in an interview with Reuters.

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Tags: economy, georgia, paulson, russia, taxes, treasury
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