People know what is going on. Just look at the Stock Market. It is abreast of these fluctuations in European stability minute by minute. Promises of more propping up sent it up this morning. People are aware over here, they just don't care. If you haven't noticed, our economy happens to be in the sewer at the moment with more bad news still to come.
LONDON (AP) -- Five central banks acted Thursday to shore up confidence in Europe's financial system by giving its banks far greater access to U.S. dollars.
The move buys time for banks that hold large amounts of debt issued by Greece and other financially troubled European countries. Some of these banks have had trouble paying for daily operations because other banks have refused to lend to them any more.
Under Thursday's action, the banks can borrow unlimited dollars for three months, up from the current one-week limit.