June 15 - Central banks are getting ready to turn on the taps in case of severe market turmoil after Sunday's key Greek vote.
Biggest -- the biggest financial crisis institute they collapse of Lehman Brothers. The Fed and other central banks around the world are getting ready to open the liquidity floodgates in cases of beer market turmoil after Sunday's -- election. What is economics -- Stella Johnson broke exclusive news earlier while still walk us through the next few days what are the key events to focus on inquiries. All eyes are going to be on the election results we anticipate by about mid day eastern time United States would get an exit poll results. Then the Greek government a couple of later we'll get some announcement followed by the viewers and finance ministers will be meeting. -- we need to find out what the results on pro Athens just. Still let's suppose that anti bail out the word win what would happen Monday morning. The financial markets it wants to keep her I'll we could see money rushing out of the Euro and the -- -- markets could fall precipitously. If that happens and this is a big if at this moment the central banks will be looking closely whether that's enough credit story is -- interest rates. Between going out and then they would jump in and make sure there's plenty of cash in this system. The second thing is that the G-20 leaders holding this summit in Mexico. I would anticipate it would have a very strong message coming out of the Europeans need -- If the anti austerity he wants to continue receiving EU IMF bailout money they have to stick to tough economic times. Well thanks lots -- that -- did that. Well -- is likely to be volatile for markets with investors hedging their -- changing positions or running for the hills. Here's Reuters -- -- -- Agnes crane unlikely strategies. In a worst case scenario. The German bond already treating her six basis points back and go negative -- -- and also the US treasuries they're around 160. Right now -- go back to one point born the year off to the ticket headed behind there were some games this week that goes down back to about one war. The Fed will be -- events over the weekend at its policy meeting the central bank's chairman Ben Bernanke will also answer questions at a news conference. Lawyers mark thousands also that is likely to extend Operation Twist this involves replacing the short term debt portfolio with longer term treasury. Operations with its going to expire they want to maintain some accommodation planes -- the same time it's not as huge step is an overt. New QE3 would be so it kind of keeps the place holder of -- for the fan. With so much attention on the eurozone news from corporate America is in the background for now. Watch out for some potential market moving events one day we could get a Supreme Court ruling on the validity of Obama care. FedEx will update how York city's business when it reports Tuesday. Shareholders attending that's -- Thursday meeting last why the company does not have a new CEO. And Chesapeake and announced a new chairman Friday after seeing Aubrey McClendon was stripped. Of the high and breed data heads out there I have ourselves housing shows some bright spots while the manufacturing sector will show more signs of softening. For more reaction to the crisis in Europe tune into our coverage Monday morning and be sure to follow us on Twitter at Reuters Insider. Also check out our TV channel at Reuters dot com slash Reuters TV I'm Fred Katayama and this is what.