Lisbon, PORTUGAL – Portuguese government bonds plunged following Jose Socrates’s step down as Portugal’s Prime Minister. The recent developments in Portugal has placed worry in Europe that the Portuguese government is in need of a large bailout, as much as $99 billion according to some estimates. Getting a bailout was something, that Prime Minister...
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Washington D.C. – The Republican co-chairman associated with President Barack Obama’s debt commission cautioned other panelists Wednesday “the temperature rising” while they drive politically unstable proposals in order to tame the errant financial debt. Since the commission convened to go over the co-chairman’s demand for increasing the Social Security age of retirement, slashing spending...
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Brussels – Crippled by mounting debt Ireland has completed negotiations to have an EU-IMF bailout along with a package is going to be ratified and released through member European governing bodies within hours, according to Prime Minister Brian Cowen. Cowen stated talks on Dublin began on November. 18 along with the International Monetary Fund,...
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– The Office of Fair Trading is threatening 129 out of 142 firms which, unless they improve the way they treat consumers, they will lose their credit license putting them out of business. These companies have sprung up in recent years in direct response to Britain’s personal debt crisis. Collectively we owe some £1.7trn...
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London – Men and women who are seriously indebted, eager as well as vulnerable need guidance that helps their issues, not make them more painful. Financial debt managing companies should be obvious regarding their costs and the available options to clients. The Office of Fair Trading is threatening 129 out of 142 of such...
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