Are we bailing out Greece?Posted By david elosser |
That's what it looks like to me. :C
http://apnews.myway.com/article/20100510/D9FJTOQO0.html
"The European Central bank will buy government and private debt to keep debt markets working and lower borrowing costs, a crisis measure dubbed the "nuclear option," while the U.S. Federal Reserve joined with other central banks in the effort, reactivating a currency swap program used during the earlier stages of the financial crisis to ship dollars overseas to be pumped into banking systems as short-term credit."
http://www.bloomberg.com/apps/news?pid=20601087&sid=amiI5qIW8gDI
"The U.S. Federal Reserve will restart its emergency currency-swap tool by providing as many dollars as needed to European central banks to keep the continent's sovereign-debt crisis from spreading.
The swaps with the European Central Bank, Bank of England and Swiss central bank will allow them to provide the "full allotment" of U.S. dollars as needed, the Fed said late yesterday..."
David E
http://apnews.myway.com/article/20100510/D9FJTOQO0.html
"The European Central bank will buy government and private debt to keep debt markets working and lower borrowing costs, a crisis measure dubbed the "nuclear option," while the U.S. Federal Reserve joined with other central banks in the effort, reactivating a currency swap program used during the earlier stages of the financial crisis to ship dollars overseas to be pumped into banking systems as short-term credit."
http://www.bloomberg.com/apps/news?pid=20601087&sid=amiI5qIW8gDI
"The U.S. Federal Reserve will restart its emergency currency-swap tool by providing as many dollars as needed to European central banks to keep the continent's sovereign-debt crisis from spreading.
The swaps with the European Central Bank, Bank of England and Swiss central bank will allow them to provide the "full allotment" of U.S. dollars as needed, the Fed said late yesterday..."
David E
