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 [...]
Posts Tagged ‘Debt’
Greece is the world’s least credit worthy nation
June 14th, 2011
davidguide 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
June 11th, 2011
davidguide 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?
June 2nd, 2011
davidguide 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
May 26th, 2011
davidguide 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
May 25th, 2011
davidguide 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 [...]
Greece discusses fiscal plan, lenders’ pressure up
May 23rd, 2011
davidguide 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
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