After the Greek Tragedy; European Central Banks Ready to Head Off

They  stand ready to stabilize markets and prevent a credit squeeze if the outcome of parliamentary elections in Greece  Sunday triggered a storm on financial markets.

greek economy tragedy

The central banks of major economies in the world stand ready to stabilize markets and prevent a credit squeeze if the result of parliamentary elections in Greece Sunday triggered a storm on financial markets, told Reuters of the G20 sources. A U.S. official added, however, that the Greek elections will not be “the definitive signal of what happens next” in the debt crisis of the euro area.

But if market tensions appear as a result of the coincidence of three ballots held this weekend – the Greek legislation, we must add the second round of the French and Egyptian presidential run – the central bankers stand ready to do ensure there is enough cash in circulation in the financial system.

“Central banks are preparing for coordinated action to provide liquidity,” said a senior adviser to a G20.

Any decision of central banks intervene to act just before a G20 summit in Los Cabos, Mexico, Monday and Tuesday.Wall Street has increased its earnings after the information in a concerted action by central banks, like the euro.

Two leaders of the eurozone for their part said that the finance ministers of the euro area will concert on Sunday via videoconference to discuss the outcome of parliamentary elections in Greece could cause an exit from the country of the euro area.

The duel to be tight between the Coalition of the Radical Left (SYRIZA) Alexis Tsipras and conservative New Democracy (ND) led by Antonis Samaras in parliamentary elections Sunday Greek.

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