EU Bailout Footnote: Currency Swap Lines Reopened

Filed in economy, euro, Federal Reserve, Gold, Gold Investing by on May 11, 2010 0 Comments

The Federal Reserve has reopened currency swap lines with the European Central Bank. A quiet footnote to yesterday’s EU bailout announcement, the Fed and ECB said – without the support of a single voter or representative – that they would restart a market manipulation program that ended February 1st, 2010. “This is a ready source of EU Bailout Footnote: Currency Swap Lines Reopened originally appeared in the Daily Reckoning . The Daily Reckoning, offers a uniquely refreshing, perspective on the global economy, investing, gold, stocks and today’s markets. Its been called “the most entertaining read of the day.”

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EU Bailout Footnote: Currency Swap Lines Reopened

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