The European Central Bank "is on standby to keep banks flush with liquidity" if Greeks effectively vote on Sunday to support politicians who want to reject austerity measures and pull the nation out of the eurozone, The Financial Times writes this morning.
The ECB joins "a global chorus of central bankers pledging support ahead of Sunday's elections," the FT adds.
Originally published on Wed June 20, 2012 10:42 am
The economy has so much going for it: low inflation, low interest rates, affordable homes, falling gasoline prices and 27 straight months of job growth. Good times, no?
The economy is slowing, but not because of current conditions. The slowdown reflects the fear of what may be coming next. Economists say employers and investors are paralyzed by the uncertainty surrounding three huge problems: one in the United States, another in Europe and the third in China.
Note: We've asked NPR journalists to share their top five (or so) political Twitter accounts, and we're featuring the series on #FollowFriday. Here are recommendations from Elise Hu (@elisewho), an NPR digital reporter who previously covered campaigns and statehouses in Texas, South Carolina and Missouri.
Morning Edition's Steve Inskeep offers final thoughts on his Revolutionary Road Trip through North Africa. We also hear from NPR's Soraya Sarhaddi Nelson and Leila Fadel, who will fill in for Soraya in Cairo next year.
Europe this week is welcoming one of the world's most famous human rights activists. For the first time in 24 years, Aung San Suu Kyi is traveling outside of Southeast Asia, making stops in Switzerland, Norway, Britain, Ireland and France. She spent 15 years in detention or under house arrest by the authoritarian government in her country, Myanmar, which is also known as Burma.
We're joined now by NPR's Anthony Kuhn, who is in Oslo, where she's expected to receive the long-delayed award for a Nobel Peace Prize.