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Bernanke: Fed will not help European banks

Release Date:2012-05-05  Hits:453
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The end of last weekend's EU summit decision, EU countries will be the IMF to 200 billion euros (about $ 266 billion) in funds in order to prevent the spread of the debt crisis. In this regard, the German central bank governor World Pipe network informed, Weidman, 14, unless the United States and other EU countries outside funding or Germany alone will not provide funding.



In addition, the injection of the issue to the International Monetary Fund (IMF), Bernanke said he did not think the United States will give the IMF more money. In this regard, Koch said: "We are pleased to hear that.


On the 14th, the U.S. Federal Reserve Board Chairman Ben Bernanke said the Fed will not provide additional help to the European banks World Pipe network informed.



To assist the European banking sector response to the U.S. dollar liquidity crisis, the Fed last year to restart and currency swap agreement between the major central banks. November 30, the Fed once again announced that the will of the swap agreement financing costs reduced by 50 basis points.



Bernanke in Congress on that day to attend a closed-door meeting. After the meeting, said Republican Senator Bob Koch, Bernanke made it clear that the Fed did not intend to rescue the European financial institutions. Republican Senator Lindsey Graham said, Bernanke told lawmakers he was "neither wishes do not have permission" to bail out European banks or countries.



Kok said: "The participants that Bernanke will not further the United States involved in the debt crisis in Europe. "However, Graham said, Bernanke also made it clear that Europe may affect the U.S. economy.

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