CONFIRMED: Europe’s Strongest Economy Continues To Contract
April PMI for Germany came in at 48.1, which is down from 49.0 last month. Anything below 50 is contraction.
What’s worse, there was a reduction in staffing levels, and total manufacturing output had its first drop all year.
Here’s a quick summary.
Eurozone manufacturing downturn deepens in April
The European Implosion Continues
The Eurozone’s PMI manufacturing reports for April are out and it’s clear that the economy remains in deep [...]
65-year-old pensioner who lost her home leads charge over ‘unjust enrichment’ between 2000 and 2009
Lawsuit claims the Libor rate rose ‘artificially’ on the first day of the month – the days when many mortgage rates are calculated
Barclays, RBS, Lloyds and Bank of America all named in class-action lawsuit
A 65-year-old American woman who lost her home in the credit crunch is leading a class-action suit against 12 of the world’s major [...]
The War has started people. We setup this Facebook page just over a week ago.
anyone that has a page please add yourself as friends. I will travel to Limerick over the coming days and will report back with videos of the situation.
Seamus Sherlock is getting victimised because he stood up before. And is now going to be an example to Ireland that this is what we do. If you do [...]
As the Eurozone crisis deepens more than 100,000 people could lose their homes if mortgage repayments rise by just £20 a month – a leading charity has revealed today.
The Bank of England has warned that as UK lenders are hit by higher borrowing costs families should prepare to pay more as the increase is passed down to consumers.
This could lead to thousands losing their homes if the hike results [...]
850,000 Halifax borrowers affected by move that will see many mortgage repayments rise by £40 a month
Others lenders set to follow suit in coming months
Rises due to difficulties borrowing from European money markets caused by financial crisis
Hike in interest rates expected to add £300m to UK mortgage repayments over course of 2012
Council of Mortgage Lenders say repossessions set to rise by 22 per cent
Around one million homeowners were hit by [...]
By Western Sydney reporter George Roberts
There are claims that Australians suffering mortgage stress are living on rice so they can avoid the shame of losing the family home.
In a study partly supported by the Reserve Bank, University of Western Sydney researchers interviewed people suffering mortgage distress.
University spokesman Professor Phillip O’Neill says shame prevented many people taking part in the study.
But he says of those who did [...]