May 7, 2016 1:23 p.m. ET FRANKFURTGerman Vice Chancellor Sigmar Gabriel said that Greeces debt burden needed to be reduced, signaling a clash inside the German government as key decisions loom for Athens creditors. Mr. Gabriel, who heads the left-of-center Social Democrats, a junior partner in Chancellor Angela Merkels coalition government, said in comments published…
German Economy Minister Sigmar Gabriel presents the spring economic outlook at a news conference in Berlin, Germany, April 20, 2016. Reuters/Hannibal Hanschke German Vice Chancellor Sigmar Gabriel urged euro zone finance ministers to start talks on debt relief for Greece, saying it made no sense to crush the green shoots of economic recovery with further…
Southport Foodbank has received a vital £15,000 boost to enable it to extend its services. North west charity, The Morgan Foundation, will donate £5,000 per year over three years to help underwrite the foodbanks debt management scheme. Last year the service handed out nearly 40,000 meals to local people in crisis but has now also…
India has paved the way to replace its archaic insolvency laws with a new bankruptcy code that would help the countrys banks as they struggle under billions of dollars of bad loans. The law could be confirmed as soon as this week. On Thursday, the Lok Sabha, Indias lower house of parliament, passed the Insolvency…
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Kathryn Thomas had been lined up to speak at the event The company behind a major conference on empowering women has gone into liquidation after poor ticket sales forced the event’s cancellation. The Herizon conference has been due to take place at Dublin’s RDS Simmonscourt over three days at the end of April, but was…
Alfred Schipke, IMF’s senior resident representative in China China’s efforts to rebalance its economic structure are desirable and will benefit the regional economy in the long run, representatives of the International Monetary Fund said on Friday. “China’s transition from manufacturing and investment to services and consumption, though it may point to a slower pace of…
PHILADELPHIA Related News/Archive There’s yet another way to pay back student loans without going broke. It’s called REPAYE. In December, the Department of Education launched its eighth college-loan repayment program, dubbed the Revised Pay As You Earn Plan. An older program, Pay As You Earn, caps payments at 10 percent of a borrower’s monthly income…