Euro-Zone Debt Crisis Lingers, Euro Remains Under Pressure
Uncertainty has sent the global markets on a rollercoaster these past two weeks. As a result, the euro continues to push lower against the greenback, falling to a four year low amid trepidation of Greek debt contagion, while global equities virtually returned to where it began the year after a mayhem session on May 6th and has since then continued its southern journey ever since.
Read more on Daily FX via Yahoo! Finance
DIY Guide To Debt Elimination
In this modern age, debt is a fact of life. We run on plastic, as it were, swiping away for everything we need and want with those convenient plastic credit cards.
Sure, this is liberating and exciting, it allows us to get what we want now and pay for it later. There is no waiting time, no saving time, because we know we can worry about repaying the money at some later stage.
There is such a thing as good debt, by using credit to gain valuable assets in life – a mortgage for a home, a student loan for a college education. These things ultimately lead to increased wealth, and as long as you can afford to meet your repayments, you can feel positive and proud of this sort of debt.
But what happens when this debt builds up and up? When it seems out of control, and you end up owing more in debt that you can afford to repay… maybe even more than you actually earn?
THIS IS DEBT GONE BAD!
When you get into serious debt, no matter how large the sum actuall
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Korea Needs Global Bank to Withstand Crisis, Lee Says (Update1)
South Korea’s banking industry, dominated by four financial groups, needs a national champion that’s strong enough to compete globally and withstand the funding pressures that swept the country into the global credit crunch, according to Korea Asset Management Corp.
Read more on BusinessWeek
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