ECB in €95bn move on market turmoil
By Gillian Tett in London, Richard Milne in Frankfurt and Krishna Guha in Washington
Published: August 9 2007 12:59
The European Central Bank scrambled to head off a potential financial crisis on Thursday by making an emergency injection of €94.8bn ($131bn) worth of funds into the region’s money markets, after signs that liquidity was drying up.
No comments:
Post a Comment