Colombo DiSalvatore – Global credit crisis

Colombo DiSalvatore business highlight topic today is on credit crisis. Central banks around the globe pumped billions of dollars into banking systems on Friday in a concerted effort to beat back a widening credit crisis, and they pledged to do more if needed. In all, central banks in Europe, Asia and

North America

have pumped out more than $300 billion over 48 hours in an effort to keep money flowing through the arteries of the global financial system, hoping to prevent a credit market seizure that could imperil economies.

For more information on this topic introduced on Colombo DiSalvatore business news please visit the following link:

http://today.reuters.com/news/articlenews.aspx?type=businessNews&storyid=2007-08-10T220251Z_01_L10195866_RTRUKOC_0_US-CENTRALBANKS.xml

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