UK family debts doubled over the year

Note: This section contains information in English only.
Source: Forexfactory
Debts owed by a typical UK family surged 48% since January last year as increasing inflation rate impacted households' incomes, reported Aviva Family Finances. Average UK family owes about 7,944 Pounds in unsecured borrowings on loans, credit cards and overdrafts as compared to 5,360 Pounds in January last year. The debts represent over 32% of the overall net annual income and imply that families owe more debts as financial pressure increases.
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Wed, 25 Jan 2012 08:28:06 GMT

European stocks pushed down by Greek struggle

European stock markets closed lower on Tuesday as EU finance ministers attempted to persuade Greek private lenders to accept lower borrowing costs on restructured Greece sovereign debt. Stoxx 600 lost 0.4% to 256.04, FTSE 100 fell 0.5% and finished at 5,751.90. German DAX edged down 0.3% to 6,419.22 and French CAC 40 index slipped 0.5%, ending at 3,322.65. Greek ASE

Wed, 25 Jan 2012 13:24:04 GMT

Loonie little changed against greenback

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