Greenspan to Receive Honorary Knighthood

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Last updated at: (Beijing Time) Wednesday, August 07, 2002

Greenspan to Receive Honorary Knighthood

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Britain's Queen Elizabeth II has approved an honorary knighthood for Greenspan's "outstanding contribution to global economic stability," the British Treasury announced Tuesday. A copy of the release was distributed in Washington.

Greenspan will receive the award when he next visits Britain, which expected to be this fall, a British Treasury official said.

The award also recognizes "the benefit that the U.K. has received from the wisdom and skill" with which Greenspan has led the Federal Reserve Board, the British Treasury said.

Greenspan, who has steered the world's largest economy for 15 years, was first selected as Fed chairman by Ronald Reagan in 1987.

American citizens admitted to British Orders of Chivalry do not get the right to be called "sir," but Greenspan will be entitled to place the letters KBE for Knight Commander of the British Empire after his name, the British Treasury said.

Others Americans who have received honorary knighthoods include former New York City Mayor Rudolph Giuliani, former Presidents Bush and Reagan, and entertainer Bob Hope.

Source: Agencies

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