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Central Banks Are Also Getting Jittery...

In anticipation of potential financial turmoil due to the upcoming Greek, Egyptian, and French elections, G20 officials have told Reuters that the central banks of major economies will be ready to provide liquidity. EU finance ministers are also holding a conference call on Sunday evening to discuss the Greek election outcome.

One of the major central banks, the Bank of England, also announced today that it will launch two new stimulus packages in coordination with the UK Exchequer to provide billions of pounds of cheap credit to banks for lending. This marks a significant turnaround for the Bank of England, as noted by the WSJ.