Greenspan to get honorary knighthood on Thursday

US - Federal Reserve chairman Alan Greenspan will receive an honorary knighthood from Queen Elizabeth II next week, Buckingham Palace has said.

Greenspan, who has helped steer the U.S. economy for 15 years, will be honored for his contribution to global economic stability.

Because he is not a British citizen, Greenspan cannot use "Sir" in front of his name, but he can put the letters KBE after his name. The initials stand for Knight Commander of the British Empire.

He will receive the honour T