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
This Saturday, June 16, will mark what would have been the 100th birthday of John Enoch Powell, one of the most fascinating, influential and controversial British politicians of the 20th century. Largely unknown to Americans, Powell became a symbol of the anti-immigration movement that swelled in the UK during the 1960s and 1970s.