Bernanke Said to Tell Senators Euro Aid No Panacea
       |           

Welcome, Guest. Please login or register.
Did you miss your activation email?
March 28, 2024, 07:40:07 PM
News: Election Simulator 2.0 Released. Senate/Gubernatorial maps, proportional electoral votes, and more - Read more

  Talk Elections
  General Politics
  Economics (Moderator: Torie)
  Bernanke Said to Tell Senators Euro Aid No Panacea
« previous next »
Pages: [1]
Author Topic: Bernanke Said to Tell Senators Euro Aid No Panacea  (Read 327 times)
Beet
Atlas Star
*****
Posts: 28,805


Show only this user's posts in this thread
« on: May 11, 2010, 10:51:16 PM »

Sorry about the flood of topics-- there are just a lot of discussion worthy events coming out of the euro problems.

---

May 11 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke told U.S. senators today that the euro region’s almost $1 trillion aid package to stem its debt crisis isn’t a cure- all, according to a participant.

“He said, ‘This is basically not a panacea,’” and that the measures are “temporary,” Alabama Senator Richard Shelby, the senior Republican on the Banking Committee, told reporters in Washington after a closed-door briefing Bernanke held with the panel. “There’s got to be fundamental underlying changes in their economies, not just Greece, but a lot of other countries,” Shelby cited Bernanke as saying.

...

The challenge stemming from debt-laden governments in Europe probably poses the main risk to U.S. growth, Lacker said, responding to audience questions after a speech. “It’s not clear that it’s going to have any effect at all so far, but it has the potential to, in broad terms,” he said.

http://www.bloomberg.com/apps/news?pid=20602096&sid=aHKewxscnhg4
Logged
Pages: [1]  
« previous next »
Jump to:  


Login with username, password and session length

Terms of Service - DMCA Agent and Policy - Privacy Policy and Cookies

Powered by SMF 1.1.21 | SMF © 2015, Simple Machines

Page created in 0.017 seconds with 11 queries.