Sevenword ← All modes
A1 A2 B1 B2 C1

financial stability in the eurozone are bound to be discussed. Finance ministers for the European Union member states, central bank presidents and representatives of other major financial bodies are also present. The conference comes ahead of G20 and IMF meetings later this month. On Thursday -- even as news was circulating of the incident at UBS -- came word that the Federal Reserve and four other powerful central banks announced they were throwing a lifeline to Europe's struggling banks. The European Central Bank, along with the Fed, the Bank of England, the Bank of Japan and the Swiss National Bank, said three U.S. dollar auctions would be held to help out European banks that need the currency to fund loans and repay debt. European banks have seen U.S. dollars flow out as U.S. financial institutions and money market accounts scale back exposure to European banks, amid fears over those institutionsexposure to debt held by Greece and other European nations. U.S. Treasury Secretary Timothy Geithner is to attend a meeting of Europe's Economic and Financial Affairs Council in Wroclaw, Poland, on Friday, at which questions around Greek debt and financial stability in the eurozone are bound to be discussed. Finance ministers for the European Union member states, central bank presidents and representatives of other major financial bodies will also be present. The conference comes

Previous Page 2 of 4 Next
August 2026