English: Clockwise from top-left: Federal Reserve, Bank of England, European Central Bank, Bank of Canada (Note: Uploaded for use on Wikinews) (Photo credit: Wikipedia)
This is positive news reported in the FT. Check it out!
Hopes for central bank action mount – FT.com.
It will be interesting to see the size of any coordinated central bank intervention.
Whilst intervention from central banks will lift the markets short-term, it will not solve the fundamental problem which is political given that the Euro concept is flawed.
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