Posts Tagged ‘dr-timothy-v-jorden’

Central Banks Ready Response To A Greek Election Shock

The major powers' central banks have prepared measures to head off disaster in the financial markets after Sunday's Greek election by providing liquidity and preventing a credit squeeze, G20 officials told Reuters Thursday. A senior American official cautioned that the Greek election will not provide "the definitive signal on what happens next" in the  euro zone  debt crisis. But if severe market strains emerge after an unusual confluence of three elections this weekend - there are important votes in Egypt and  France  as well - central bankers are on standby to ensure enough cash is flowing through the financial system

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