19th July 2010 - Irish government debt rating downgraded

Irish government debt bonds were today downgraded one notch by Moody's ratings agency.  A worsening economic forecast for Ireland, a need for massive debt reduction of its sizeable financial burden and a faltering banking system have left the EU nation to have its debt forecast downgraded.

Ireland was one of the first EU countries forced to enact tough 'austerity measures' to attempt to tackle its large public debt problems.  Many of Ireland's populace have increasingly needed to seek debt consolidation or other debt solutions to try and tackle their own financial worries. Read More

20th July 2010 - British banks ripping off customers in UK debt crisis

Business Secretary Vince Cable has said the banks of Britain are "ripping off" their customers, in an interview with the BBC.  As the debt problems of of UK customers facing repossession or claiming bankruptcy seem to only worsen, banks are only increasing the woe.

Mr Cable's comments come at a time when research for Panorama has revealed that Britain's high street banks levy unauthorised overdraft charges of as much as 167%.  Meanwhile authorised overdraft charges are average at 32% interest despite advertised ratings being at around 19%.  Customers who want to know how to escape debts are not receiving assistance from their banks.  Real debt relief solutions are not going to be forthcoming from banks who prosper from this unfair system.  Read More

22nd July 2010 - Debt Management strategies of bill sales proving effective across Eurozone

Debt Management Agency of Hungary has sold less than the expected number of its Treasury bills, in an attempt to curb its national debt problems.  Ireland by contrast has sold all of its available €1.5 billion of government bonds this past Tuesday, a day after its credit rating was cut by Moody's of Frankfurt.  Elsewhere, Spain and Greece also each had success in selling their own Treasury bills, as they too seek effective debt relief solutions.  Read More