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Latest Business News

Farewell Party Planned for Greenspan

Saturday, September 24, 2005 4:02:41 PM

U.S. Federal Reserve Chairman Alan Greenspan makes his way through the crowd at the start of the International Monetary and Finance Committee meeting at IMF Headquarters in Washington, Saturday, Sept. 24, 2005. A deal to erase billions of dollars of crushing debt for poor countries gained critical momentum on Saturday, with supporters predicting quick approval by the 184-nation World Bank and the International Monetary Fund. (AP Photo/J. Scott Applewhite)WASHINGTON (AP) - Alan Greenspan's friends in international finance do not want his departure from the Federal Reserve to go unnoticed, so they are throwing him a party.

Finance ministers and central bank presidents from the world's seven wealthiest countries have set a special session in December in London for the farewell fete.

In addition to their usual reviews of currency rates and trade deficits, they plan to honor Greenspan for his 18 years of service at the Fed.


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