Europe can survive the current economic crisis if its leaders make good on commitments to turn their economies around, Treasury Secretary Geithner told CNBC Wednesday.
"Europe has the capacity to manage this," said Geither. "They made a decision to do it, and I believe they have the capacity to do that."
Geithner he also expects China to revalue its currency, but not right away. He said any adjustment of the currency is a world concern, not simply one of the US.
"I think China believes it's in their interest to move, and I'm confident that they, at the right time, will begin to let their exchange rate gradually appreciate again," he said.
Geithner spoke with CNBC while he was at the Boeing plant in Tacoma, along with the Port of Tacoma, during a stop in Washington State, while en route to China for joint talks known as the Strategic Economic Dialogue (SED).