- The Washington Times - Wednesday, August 7, 2002

AGENCE FRANCE-PRESS
Queen Elizabeth II will award Federal Reserve Board Chairman Alan Greenspan an honorary knighthood for helping to steady the global economy, the British government said yesterday.
But the powerful U.S. central bank chief must refrain from calling himself "Sir Alan" because he is not a British citizen, said a statement released by the Treasury in London.
Instead, he may place the letters KBE for Knight Commander of the Order of the British Empire after his name.
"The award is in recognition of his outstanding contribution to global economic stability and the benefit that [Britain] has received from the wisdom and skill with which he has led the U.S. Federal Reserve Board," the Treasury said.
Mr. Greenspan, 76, will pick up the award when he is next in Britain.
"I am most privileged to accept this honor," Mr. Greenspan said.
"I have valued my close relationships with the Bank of England and with many chancellors of the exchequer, going back nearly 10 years."
The Federal Reserve boss joins fellow U.S. recipients of the award such as film director Steven Spielberg, comedian Bob Hope, Gulf war veteran Gen. Norman Schwarzkopf, and former President George Bush.


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