Economics Report.Finance ministersfrom the euro area meet Fridayin Poland to discussthe Greek debt crisis.American Treasury SecretaryTim Geithner is joining them.Fabian Zuleeg, chief economistat the European Policy Centerin Brussels, saysthe United Statesis right to get involved.FABIAN ZULEEG: "The interventionfrom the US has also shownat least a risk that the stabilityof the financial system as a whole-- the global financial system-- might be under threat again.That we might have a financial situationwhere a possible default of Greecemight have knock-on effectsaround the world as well."On Wednesday,the leaders of France, Germanyand Greece held a conference call to discuss how to containEurope's deepening financial crisis.Germany and France are Europe'stwo largest economies.Seventeen European Union countriesuse the euro as their currency.Fabian Zuleeg saysthe future of the euro zoneis anyone's guess right now.FABIAN ZULEEG: "I don't thinka very orderly exit of a single countryis a very likely scenario."On Thursday, five major central banksagreed to lend additional dollarsto European banks in the euro zone.The European Central Bank saysthe three-month loans will provideas many dollars as the banks need.The operations will end in December.The European Central Bank is actingwith the United States Federal Reserve,the Bank of England, the Bank of Japanand the Swiss National Bank.The announcement helpedlift European bank sharesand major European stock lists.Last week, the Paris-based Organizationfor Economic Cooperation and Developmentlowered its growth estimatesfor the euro area.In Greece the economy has shrunk this year.German Chancellor Angela Merkel sayseurozone nations must do everything they canto avoid an "uncontrolled insolvency" by Greece.On Tuesday Chancellor Merkelwarned of far-reaching effectsif Greece fails to payits international rescue loans.If Greece defaults on its debts,she said, then the effectswould quickly spreadto other euro zone countries.And, she said,"if the euro fails, Europe fails."The crisis has increased callsfor greater cooperationon European financial policy.On Wednesday, European CommissionPresident Jose Manuel Barroso saidthe commission will proposecreating "eurobonds."The idea is for euro zone governmentsto jointly guarantee their debts.Germany and Francehave opposed eurobonds.Mr. Barroso said the current systemthat lets individual countrieseasily block policy is not working.JOSE MANUEL BARROSO: "I am convincedwe need a deeperand more results-driven integration.And let me be clear,this has to be within the community system.A system based purelyon intergovernment cooperationhas not worked in the pastand will not work in the future."He spoke to the European Parliamentin Strasbourg, France.And that's the VOA Special EnglishEconomics Report.