The world will not see the kind of coordinated response policymakers organized during the global financial crisis in 2009 but the United States and the European Union must work closely together to overcome the current economic challenges, U.S. Treasury Secretary Timothy Geithner said on Friday.

Fears over the eurozone's ability to deal with its debt crisis have grown after Finland's finance minister said she does not expect it to resolve a dispute over her country's demand for collateral for loans to Greece.

Jean Claude Juncker said:

We didn't discuss the expansion of EFSF with Geithner.

Decision on next payment to Greece will be made in October.

Olli Rehn said:

We need more stability of public finances, otherwide the Eurobonds would turn into junk(er) bonds

Geithner said:

What is very damaging from the outside is not the divisiveness about the broader debate, about strategy, but about the ongoing conflict between governments and the central bank, and you need both to work together to do what is essential to the resolution of any crisis.

Governments and central banks have to take out the catastrophic risks from markets ... and avoid loose talk about dismantling the institutions of the euro.