|

Summary Box: Fed renews program to aid Europe (AP)

We have all read great articles written by talented authors. The news about Summary Box: Fed renews program to aid Europe
(AP)
was a long time a coming. But Summary Box: Fed renews program to aid Europe
(AP) doesn’t stop here. The author shows two wonderful talents. Read the the rest sections to see what I mean.

STILL FRAGILE: The Federal Reserve extended a program set up earlier this year to ease financial strains from the European debt crisis.

HOW IT WORKS: The Fed lends dollars to the European Central Bank as well as other central banks in exchange for their currencies. The central banks can lend those dollars out to banks in their home countries.

DOLLARS IN DEMAND: European banks need dollars to lend to companies across the continent. European companies that have operations in the U.S. pay their employees in dollars and buy raw materials with the U.S. currency.

The breaking news, Summary Box: Fed renews program to aid Europe
(AP)
extract from US Economy

Short URL: http://www.usnews9.com/?p=5011

Posted by on Dec 24 2010. Filed under Business. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry
Tags:

You must be logged in to post a comment Login

Recently Commented

  • James Mitchell: Oakland raid is latest in Occupy camp crackdowns
  • tatwizard: BLVCK FRIDAY 11252011 ALL BLACK EVERYTHING DJWIZZKIDD amp; DJVISION_ BURNIN RUBBER ON NIGGAS
  • Peter Occupy Austin: RT steveweinstein: Thousands of Riot Cops Descend on Occupy Oakland, 32 Arrested, But No...
  • Justin Bieber: Griffin iTrip FM Transmitter for iPod and iPhone: Black Friday Griffin iTrip FM Transmitter for iPod...
  • Austin Kinney: RT cavewallshadows: