Posts Tagged ‘Debt’

California governor vetoes state budget

Vittorio Hernandez – AHN News Sacramento, CA, United States (AHN) – California Governor Jerry Brown (D) vetoed on Thursday the state budget approved on Wednesday by Democratic state legislators. Brown explained that he vetoed the budget because it was not a balanced solution to California’s $26-billion budget deficit. The governor said the proposed budget document [...]

Greece is the world’s least credit worthy nation

Vittorio Hernandez – AHN News Athens, Greece (AHN) – Ratings agency Standard & Poor’s reduced Greece’s credit ratings to CCC from B on Monday. The three-notch cut made Greece the world’s least credit worthy nation. S&P explained that it had to cut Athens’ rating because of the chances that the country would likely default on [...]

Missed debts prompts Russia to cut Belarus’ electricity by half

AHN News Staff Minsk, Belarus (AHN) – In the wake of delayed debt payments, Russia has announced a reduction in electric supply to Belarus starting from June 9. The state-owned power company Inter RAO UES said that Belarus could see cut in supplies by half to 200 MW. Currently, Minsk is getting 400-500 MW of [...]

Looking for Loans?

This page has been created with the objective of helping people find Loans including: Personal Loans, Debit and Credit Cards, Business Loans and or other loans, including Bad Credit loans, cash advances etc. What you will find in this website: This website is full with content regarding personal finance and obtaining loans. Personal Finance topics [...]

Greek official warns of return to Drachma unless stakeholders agree on solution to debt crisis

Vittorio Hernandez – AHN News Athens, Greece (AHN) – A Greek official warned on Wednesday that the country might have to stop using the euro as currency and return to its old monetary system unless the stakeholders agree to a solution to the Greek debt crisis. Maria Damanaki, who is a member of the Hellenic [...]

British government policy of no bailout places large banks at risk of possible credit downgrades

Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – Credit ratings agency Moody’s placed major British banks on review because of a new British government policy that no bailout would be provided to financial institutions with problems. Moody’s hinted that 14 banks and building societies may face possible credit rating downgrades over its [...]

Build your financial foundation – Boost your savings to beat high interest debt

Are you in debt and confused about where to begin to increase your personal savings? If answered yes, you need not fret as you’re not alone. With the present state of the US economy, almost every household owes thousands of dollars on their multiple credit cards. During such dire financial straits, most consumers are taking [...]

Greece discusses fiscal plan, lenders’ pressure up

Greek Prime Minister George Papandreou will discuss new emergency measures with his cabinet on Monday to cut the deficit, keen to convince lenders Athens can deal with a debt crisis without a restructuring. View full post on All Stories

ECB threatens to stop lending to banks using Greek bonds as collateral

Vittorio Hernandez – AHN News Frankfurt, Germany (AHN) – The European Central Bank threatened on Thursday to stop lending to banks that would use Greek government bonds as collateral. The ECB would carry out the threat if Greece successfully changes the terms of its debts. The regional central bank is against the restructuring of the [...]

Obama to offer debt relief to Egypt

President Barack Obama will unveil an economic aid program for Egypt and Tunisia later as part of an effort to support democratic reform. Related Stories Four killed on Israel’s border with Syria Court seeks arrest warrant for Gaddafi Libyan oil minister defects to Tunisia Al Qaeda release Osama recording View full post on All Stories

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