Fed, ECB to loan dollars to European banks
http://dervishcom.blogspot.com/2011/09/fed-ecb-to-loan-dollars-to-european.html
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The world's leading central banks will step in to try to make dollars available to European banks in a new coordinated step announced Thursday meant to ease the funding problems that are accompanying a debt crisis on the continent.
The European Central Bank, working with the Federal Reserve, will offer three-month loans in dollars to banks in the 17 nations that use the euro currency in an effort to avert shortages of dollars and a return to the jittery, fearful days of late 2008.
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Source: http://feeds.washingtonpost.com/click.phdo?i=5e8ec9a6a864536426903dc9fc9a1dda
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