Unanimity required in subprime response: Noyer

Central banks needed to act unanimously to provide liquidity in the wake of the subprime turmoil because of the globalisation of interbank markets, Christian Noyer, the governor of Banque de France said on Tuesday.

"Through the stock markets, tensions in one currency moved to other currencies. For instance, problems that were caused in the dollar market led to tensions in the liquidity of the euro market," Noyer said. "So all the central banks had to make sure that enough liquidity was provide