Amid fears that US mortgage market problems would prompt a worldwide credit crunch, the European Central Bank, ECB, is expected to continue pumping funds into the eurozone banking market today (13 August).
According to the Financial Times, the Frankfurt-based institution may also seek to arrange a currency swap with the US Federal Reserve – a move allowing it to lend dollars to European banks struggling to meet short-term dollar funding needs.
"The attitude is don't show me anyth...
Back our independent journalism by becoming a supporting member
Already a member? Login here