US Treasury Secretary Timothy Geithner and his German counterpart are stressing the need for "ongoing international cooperation and coordination" in the face of the euro zone debt crisis and faltering global growth.
Mr Geithner and Wolfgang Schaeuble issued a joint statement today after holding informal talks on the German North Sea island of Sylt.
The two finance chiefs expressed confidence in the reforms put in place by the 17 members of the crisis-hit euro zone.
The statement says the two countries will "continue to cooperate closely" to stabilize the international economy.
Meanwhile, Italy has won some respite as it managed to tap investors for €5.48 billion with key borrowing rates lower than they had been previously.
The Italian Treasury said the interest rates on its 5-year and 10-year bonds dropped in the auctions today.
The yield on the 10-year bonds fell to 5.96% from 6.19%, while the rate on the five-year issue declined to 5.29% from 5.84%. The amount raised was slightly less than the €5.5 billion sought.
Demand was also a bit soft, with the offering only 1.3 times oversubscribed.
