Bernanke to meet with senators on European crisis

WASHINGTON, May 11 (BestGrowthStock) – U.S. Federal Reserve Chairman
Ben Bernanke is scheduled to meet with U.S. senators on Tuesday
morning to discuss the European sovereign debt crisis and Fed
currency swaps with major central banks, a source familiar with
the meeting said.

Bernanke was invited by the Senate banking panel to discuss
the international situation. The Fed late on Sunday announced
it was reopening currency swap lines with the European Central
Bank and other central banks to ease any liquidity strains from
an escalating sovereign debt crisis.
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(Reporting by Mark Felsenthal, Editing by Andrea Ricci)

Bernanke to meet with senators on European crisis