Showing posts with label Central Bank. Show all posts
Showing posts with label Central Bank. Show all posts

Friday, June 15, 2012

EXCLUSIVE - Central banks ready to combat Greek market storm


(Reuters) - Central banks from major economies stand ready to take steps to stabilize financial markets by providing liquidity and preventing a credit squeeze if the outcome of Greek elections on Sunday causes tumultuous trading, G20 officials told Reuters.
An one Greek Drachma coin (C) is displayed on an European flag between one Euro coins in this picture illustration taken in Istanbul June 14, 2012. REUTERS/Murad Sezer
A senior U.S. official cautioned that the Greek election will not provide "the definitive signal on what happens next" in the