When you are sick, what would make you well? Medicine, tender loving care, rest and a lot of fluid will keep you up and about after some time. A lot of businessmen, banks, economists and even ordinary people wish the same for our economy.
It is reported that Ireland’s banking problems have been sending the same message of trouble to other banks including the ones in Europe. Months after the banking economy collapsed a report of 85 billion euro or 120 billion U.S. dollars was spent to rescue the ailing economy of Ireland. The Irish Central Bank is expected to announce the latest news and the confirmation regarding the 13 billion euro that will be needed to rescue the falling real estate debt that has been disconcerting them. A lot of banks have bailed out in trading shares with Ireland and its major real estate companies. Different proposals have been made to save the economy and the real estate business from going bankrupt.
Proposals like requiring bondholders to share their losses and naming front-line banks to force them to raise the capital needed have been made but the European governments have stood on their position believing that by doing so, investors would be more fearful rather than calm by desperate actions. This is considered to be a real tragedy for European banks that were known to have the world’s best banking and finance standards and now they are considered to be growing weaker and more unreliable as the condition of the banks gets worse. These problems affect the citizens particularly those who are trying to get housing loans since the interest rates and loan rates are growing very fast every year thus making it very impossible for more investors to take the risk in putting money to these kinds of ailing businesses due to the bad economy.
Mr. Dan Pena in his site http://www.danpena.com has introduced ways on how to avoid being affected by recessions and great economic problems as he himself has experience the worst of the worst. He has provided methodologies and theories that were proven to be real and effective. His audio CDs and video files will help you be part of the “medications” our world economy needs since when one part is ailing, the other will surely be affected. Get a copy of Mr. Dan Pena’s How to Make Deals and Acquisitions Like a Pro – Audio Training Program and have the knowledge of over 30 years of doing deals and raising capitals!