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Europe's debt crisis bites home
The Bank of England joined the US Federal Reserve, the European Central Bank, the Swiss National Bank and the Bank of Japan on Thursday to announce that they would flood money markets with dollars over the coming months..... Under the terms of the deal, banks will be able to bid for unlimited amounts of US dollars at fixed interest rates in three separate auctions. The first of these will be on 12 October. Posted by: Procopius2k 2011-09-16 |
| http://www.rantburg.com/poparticle.php?ID=329896 |