The Grattan Institute has proposed that a 15% surcharge should be added to the Higher Education Loan Program (HELP) debt of undergraduate and college students. The surcharge is not an up front fee. It is a fee that is added to the existing debt and paid later, depending on a graduates future income. Repayments are…
Harry Wilson, City Editor The Financial Conduct Authority has fired a shot across the bows of debt management firms that it considers are not doing enough to help customersChris Helgren/Reuters The City regulator has warned debt management firms that they are not doing enough to help customers struggling under the weight of borrowing. In a…
Rupee depreciation has increased Jet Airways’ finance cost and fund raising can help the airline pare its Rs 12,000 crore debt, say analysts. About 80 per cent of the airline’s debt is dollar denominated and it spends about 5 per cent of its revenue on interest payments. A Bloomberg report on Thursday…
Greece just received some short-term relief from the eurozone. In exchange for successfully implementing tough economic reforms and budget constraints, the country will be given some short-term help in the form of smoothing its repayment schedule for EFSF debt and waiving an interest rate increase that was scheduled for 2017. We agreed the primary surplus…
Greece just received some short-term relief from the eurozone. In exchange for successfully implementing tough economic reforms and budget constraints, the country will be given some short-term help in the form of smoothing its repayment schedule for EFSF debt and waiving an interest rate increase that was scheduled for 2017. We agreed the primary surplus…
LISBON, Portugal (AP) Portugal’s prime minister says he doesn’t expect eurozone authorities to make any substantial progress on resolving the bloc’s debt problems before Germany’s national elections in a year’s time. Antonio Costa… Read the full article at: http://www.heraldcourier.com/news/world/portugal-expects-no-debt-relief-before-german-elections/article_2e8787cb-879f-552c-b18d-2799c7a81f10.html
Euro-area finance ministers agreed to measures that will help ease Greeces debt burden, while insisting that the government of Prime Minister Alexis Tsipras adopt serious reforms that will ensure the nation maintains a proper fiscal record after the end of its current bailout. Finance ministers from the currency bloc meeting in Brussels clinched steps that…
Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Greece secured short-term debt relief from European creditors on Monday, AP reports. Short-term relief At a meeting of the 19 eurozone finance ministers in Brussels, Greeces creditors offered some immediate measures to ease the pressure on the Greek economy. That includes the smoothing…
New research from the Grattan Institute reveals the degrees that could leave you jobless. You may have to pay more for your university degree. YOU could be stuck paying more for your university degree, which are becoming more and more useless in todays job market. The Grattan Institutes higher education program director Andrew Norton wants…
Eurozone finance ministers meet Monday as far apart as ever on the debt relief measures demanded by the International Monetary Fund for it to back their bailout programme for Greece. The IMF played a key role in two massive rescues for Greece but baulked at a third in 2015, worth 86 billion euros ($92 billion),…