Did You Agree to "Pump" US Dollars into Europe?

Worried that Europe’s debt impasse posed a growing threat to the global financial system, the world’s major central banks moved Thursday to assure that European banks would not run short of cash as troubled nations like Greece and Italy sought to stabilize their economies.

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Michael Reynolds/European Pressphoto Agency

Christine Lagarde, head of the International Monetary Fund, welcomed the move by the central banks, saying, "They are getting together and acting together."