Declaration of the Luxembourg Government on money market funds says, "In a declaration to Parliament on the international financial crisis, the Luxembourg Prime Minister Jean-Claude Juncker stated today that the Luxembourg Government together with the Luxembourg Central Bank will take all necessary steps to secure the liquidity of money market funds established under Luxembourg law. This can be done through the temporary provision of special liquidity for the benefit of such funds against the supply of eligible collateral to the Central Bank. Money market funds in Luxembourg will thus benefit of the same protection as in other European countries." In other news, see WSJ's "Pimco Tapped to Manage Fed's CPFF".
