Thursday, August 09, 2007

Hold On, Here We Go! (Click for article)

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.

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