US FED Chairman Alan Greenspan Gets British Knighthood

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Last updated at: (Beijing Time) Friday, September 27, 2002

US FED Chairman Alan Greenspan Gets British Knighthood

United States Federal Reserve Chairman Alan Greenspan Thursday received an honorary knighthood from British Queen Elizabeth II.

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United States Federal Reserve Chairman Alan Greenspan Thursday received an honorary knighthood from British Queen Elizabeth II.

Greenspan, who has steered the U.S. economy through four presidencies, was given the honor in recognition of his contribution to global economic stability, a local report said.

The 76-year-old economist received the honor at the Queen's Balmoral estate in the Scottish Highlands.

"I am deeply appreciative of this honor which I shall always cherish. It's a very unusual day for an economist," Greenspan said.

The economist, who arrived in London on Wednesday, made a series of speeches to business leaders and dignitaries at both the Treasury and the Bank of England.

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

Others Americans who have received honorary knighthoods includeformer New York City Mayor Rudolph Giuliani, former presidents George Bush and Ronald Reagan.

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