Central Banks Act Sends Stock Markets Soaring | WAMU 88.5 - American University Radio

Central Banks Act Sends Stock Markets Soaring

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The major central banks of the world moved Wednesday to prevent a banking crisis in Europe. They're providing more liquidity to the European banking system in hopes that big banks there will remain solvent and continue to make loans. The coordinated move by the central banks sent stock markets soaring. But it will not even begin to fix Europe's fundamental economic problems.
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