Washington: US treasury secretary Timothy Geithner said on Saturday that pledges of extra money for the International Monetary Fund (IMF) were welcome but Europe must now press ahead with reforms to deal with its debt crisis.

Crisis response: US treasury secretary Timothy Geithner. Photo: Mark Wilson/AFP

“The success of the next phase of the crisis response will hinge on Europe’s willingness and ability, together with the European Central Bank to apply its tools ... flexibly and aggressively to support countries as they implement reforms," Geithner said.

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