Paul O'Neill, the U.S. Treasury secretary, on Feb 14, 2001 indicated the new Bush administration would take a strongly skeptical view of official intervention in global markets to help stabilize the world economy, the Financial Times reported in its Feb 15, 2001 overseas edition. In an interview with the FT on the eve of his departure for his first meeting of finance ministers and central bank heads of the Group of Seven leading industrialized nations, O'Neill rejected the notion that crises