A number of the G20 nations have signaled that their central banks will do what is necessary to keep credit markets liquid so that capital is available to keep the global money system from gridlock–the kind it suffered four years ago. The announcement of the plans may be enough to prevent a panic about the amiability of capital. And, that could relieve most of the pressure that the euro-zone crisis has put on capital markets.
The immediate cause for the central bank announcements is the upcoming elections in Greece. It is not clear if anti-austerity parties win, that a possible departure of the country from the euro-zone would be viewed as a disaster. But, central banks have readied plans nonetheless.
Douglas A. McIntyre
Take This Retirement Quiz To Get Matched With A Financial Advisor (Sponsored)
Take the quiz below to get matched with a financial advisor today.
Each advisor has been vetted by SmartAsset and is held to a fiduciary standard to act in your best interests.
Here’s how it works:
1. Answer SmartAsset advisor match quiz
2. Review your pre-screened matches at your leisure. Check out the
advisors’ profiles.
3. Speak with advisors at no cost to you. Have an introductory call on the phone or introduction in person and choose whom to work with in the future
Take the retirement quiz right here.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
