Britons reduced their mortgage debt by £7bn during the second quarter of the year according to the Bank of England.
Poland Must Delay Euro Goal Beyond 2015, President Adviser Says (Bloomberg)
Debt will continue to rise as the government increases spending ahead of presidential and parliamentary elections, Glapinski said in an interview in Warsaw yesterday. That may push debt levels beyond the constitutional threshold that triggers austerity measures, he said.
Britons pay off £7bn mortgage debt (Channel 4)
Britons reduced their mortgage debt by £7 billion during the second quarter of the year, figures have showed. Recent falls in house prices and the economic downturn have put people off taking money out of their property, leading to equity withdrawal being negative for the fifth quarter in a row.
Sarkozy’s ‘Grand Loan’ to Pile on Record French Debt (Correct) (Bloomberg)
(Corrects to remove forecast for debt level including extra borrowing in 18th paragraph.) Sept. 30 (Bloomberg) — French President Nicolas Sarkozy says that even with a record budget deficit, France needs to spend more borrowed money to kick start economic growth.
Victor sewer consolidation plan approved (Rochester Democrat and Chronicle)
By a 4-to-1 vote Monday night, the Victor Town Board approved sewer district consolidation.
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