You can now read 10 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

The Boston Globe

Business

Former US Treasury secretaries sound alarm

Paulson, Rubin fear EU crisis could derail US

Former US Treasury secretaries Henry M. Paulson Jr. and Robert E. ­Rubin, who each fended off financial calamities over the past two decades, warned Tuesday that urgent political action is needed on both sides of the Atlantic to prevent a new global meltdown.

“We have a cliff coming,” said Rubin, who served as Treasury secretary under President Bill Clinton in the 1990s. “The idea is to avoid the cliff.”

Loading comments...

You have reached the limit of 10 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week