Bankers take odd turn in the good books

As the eurozone crisis edges closer to another 2008-style meltdown, the situation calls for the intervention of the banking big-boys with the money to assure markets and hopefully get credit flowing once more, reports Kyran FitzGerald

THIS week, a meltdown in the global financial markets was averted through the intervention of six of the world’s leading central banks in a move led by the chairman of the US Federal Reserve, Ben Bernanke.

The aim of the concerted move was to prevent a seizing up in the banking system in Europe, brought about by the unravelling sovereign debt crisis.