The loneliness of being a Finance Minister

Bricks and finance shortages frustrate British housing hopes

What the liberalised ECB norms will do is increase Indias external debt through the window of opportunity for the private sector that the Finance Minister would like to open wider. The Finance Ministrys own report Indias External Debt as at end-September 2011 may be dated but we should have no reason to doubt the seriousness of the situation it so blandly describes. Indias debt, says the report, increased end-September 2011 over end-March 2011 primarily on account of higher commercial borrowings and short term debt. These two components have, in unison contributed over 80 per cent of the total increase in the countrys external debt. Hear that hollow ring Chidambaram, some might say, is addressing the problem with his plans to moderate imports through customs duties.

The loneliness of being a Finance Minister (© PTI)

Property-Lending Business as Company Sharpens Focus of Real Estate Finance Platform NEW YORK, Aug. 16, 2013 /PRNewswire via COMTEX/ — ING Real Estate Finance (USA) LLC announced today that it has reached an agreement to sell 29 of its real estate loans in the U.S. with a total outstanding balance of USD 1.6 billion (EUR 1.19 billion at current exchange rates) to Wells Fargo Bank, N.A. The attractive terms reflect the quality of the portfolio, which consists entirely of performing loans and represents approximately 50 percent of ING Real Estate Finance’s total U.S. loan portfolio.

ING Real Estate Finance Announces Sale of USD 1.6 Billion of U.S. Commercial Real Estate Loans to Wells Fargo Bank, N.A.

It’s a problem,” Stone said. Bricks and blocks aren’t the only problem for a sector that shrank sharply to survive the property downturn after the 2008 financial crisis. It now faces rising costs, and financing conditions remain tough, on top of long-standing difficulties in getting projects approved under Britain’s strict planning rules. With housebuilding at its lowest in about 90 years, finance minister George Osborne has launched the first part of a scheme to lend and guarantee billions of pounds in mortgages, aiming to help Britons buy newly built homes with relatively small deposits.


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