The European banks to compete with the governments of the euro area to recruit 2 trillion. dollars next year because of the need for refinancing of reaching maturity bonds. In 2012 the Eurozone governments have to repay 1.1 trillion. euros and short-term bonds and 519 billion of this amount are Italian, French and German bonds reaching maturity in the first half of the year. In the first half of next year, European banks need to service their debts to 665 billion dollars by the end of December, 370 billion dollars, revealed details of Citigroup Inc.
“Serious investors flee as the bonds of European banks and government securities of euro area countries”, said Mark Grant, director of Southwest Securities Inc. “The quality of the financial performance of both the asset class is in question and nothing is being done to tackle Europe’s debt crisis”. In 2012, the European banks need to refinance an average of 230 billion dollars every three months, said Lisa Hintz, an analyst at Moody’s Corp. in New York. For comparison, the 11 quarters September 30, 2011 banks have repaid an average of 132 billion dollars, she said.
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In the first half of 2011, most developed economies have slowed their growth, and some even experienced a decline quite frankly. Optimists say that the slowdown is temporary. This illusion has long been in history, says Nouriel Roubini, an economics professor at the University of New York. Even before the panic of last week’s data on U.S. and other developed countries shows clearly that most likely these economies will fall in the second severe recession. Recent data for the U.S. economy not shining – to create enough new jobs, growth is weak, consumption and industrial production remained stagnant and the real estate market is still depressed. Consumer confidence, business and investors is low, and now will weaken even more. The economies of the periphery of the eurozone in the best case with a negligible rate increase. The risk that Italy or Spain, and possibly both, will lose access to debt markets is very high. Unlike Greece, Portugal and Ireland, Italy and Spain are too big to be bailed out. The British economy has almost zero growth due to the negative impact of measures to reduce the budget deficit. The recovery of Japan after the earthquake in March will also be temporary and the country will again fall into stagnation after the economic incentives dry up. The worse – the leading indicators of production slowing sharply as in emerging markets like China, India and Brazil and for export-oriented or resource-rich countries such as Germany and Australia.
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The life insurance is primarily an investment in you and the people with whom you are connected. Ever – the dynamic stress of life and you subjected your plans is a factor to be violated, which is a prerequisite if you are not able to guarantee the future and security of your family. Everyone is planning their lives, and strives to provide the best – best for his family. In the process of development you save, invest, wishing to have a – a better life and financial stability. But all that will be there for the benefit of your loved ones if you are not able to keep doing it? Will they have the opportunity loved by you people to maintain this standard?
The life insurance is not only the actual relationship that arises between you and the insurance company, but also the philosophy to which should come in the planning process, risk details regarding us and our relatives.
The life insurance provides you a financial security that you may return the state in which you were in before the accident occurred. While all the others fail to think about these things, you meanwhile can help ensure that dignity and security for your family. You will find that life will be an important part of your financial plans.

The Gold-currency reserves of South Korea rose to new record levels in March, surpassing its dollar equivalent of the previous two months. The main buffer in the country against possible financial turmoil lasting approaching $ 300 billion. In March, the dollar value of official gold-currency reserves amounted to 298.62 billion dollars. This is 950 million dollars more than the previous record of 297.67 billion set in February. South Korea’s reserves fell to just over $ 200 billion in November 2008 when the central bank is using some of them to combat the shortage of liquidity when credit dried up during the global financial crisis. Since then, however, foreign exchange reserves of South Korea are rising steadily. Foreign exchange reserves are a key instrument of economic and monetary policy to protect the currency from speculative attacks, while can be used to provide liquidity and strengthening the financial system. The central bank of South Korea indicate that the appreciation of the euro and other currencies in their reserve currency causes an increase in dollar equivalent of the reserves. The South Korean government sees its reserves a key tool for protection against financial instability. The Asian country is particularly sensitive after the Asian financial crisis of 1997-98, when received to be considered as degrading of the public international rescue.
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The price of U.S. light crude again turned to attack the level of 100 dollars per barrel. The mainspring of the quotes at the start of trade in commodities this week again pressure in the Middle East and North Africa. The crude oil contracts for delivery in April, moving with a growth of 1.7 per cent Friday to 99.55 dollars per barrel. At an earlier stage quotes touched 99.96 dollars per barrel. Last week, the crude oil price jumped with 14 percent, marking its strongest weekly increase of 27 February 2009 onwards. The traded in London Brent oil does progressed 1.1 percent to 113.40 dollars per barrel. A little earlier Brent reached 114.50 dollars per barrel. In Libya the opponents of the regime of Muammar Kaddafi have taken control of a city located near Tripoli. The country has drawn up a provisional government, which has already announced that oil exports from the territory controlled by it will be under the supervision of the new government, writes Wall Street Journal. The region of the Middle East and North Africa remained unsettled and this weekend, with massive protests was in Oman and Tunisia.

The price of crude oil continues to rise in today’s electronic trading on commodity exchanges in New York and London under the influence of expectations that violence in Libya can stop or disrupt oil supplies from the third-largest producer in Africa. Within the last week the price of oil has raised a record pace for the last two, and noting their highest levels for the past two and a half years. Later today is expected the second statistical estimate of gross domestic product (GDP) of U.S. in the fourth quarter of last year. Forecasts of analysts suggest that the U.S. economy grew by 3.3 percent quarterly growth in initially announced by 3.2 per cent. Positive expectations for the data from the U.S. also supported the price of crude oil. Since the beginning of this week’s price of U.S. light crude was raised strongly by 13%. The analysts said the current high oil prices and food prices threaten the global economy recovers. The U.S. light crude for delivery in April rose by 0.5 percent to 97.72 dollars in today’s pre-trading on the New York Petroleum Exchange. The price yesterday jumped briefly above 103 dollars a barrel against the publications that two thirds of the production of crude oil in Libya was suspended due to the political crisis. Due to the rapid increases in oil countries and organizations with large oil reserves, the U.S., Saudi Arabia and the International Energy Agency (IEA), rushed to reassure markets that are able to compensate for any disruption in oil exports from Libya.
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Usually in the years of financial crisis and bankruptcies of hundreds of banks in USA and all over the world, the payments for the credits and credit cards are heavy weight for all the people. The bank charges are really pretty large for the customers, but interference in the operation of banks is against the marketing economy. The global economy escaped from financial crisis, but still the customers are against serious offense of increasing debt and expenses for their credits. The reclaiming ppi of the main European and USA banks are still quite high in spite of the large competition against them. The financial analyzers still claim that governments should get in charge of taking control over the bank taxes. Simple example for this was the last days project of Bulgarian Financial Ministry to limit the credit refund charges to 1% from the price of the credit. This should decrease the weight of the credits and their payments. The financial and insurance companies are usually having some extras for the credits, just like payment protection refunds, but this really is not enough for the customers to have undoubtly payments of the monthly taxes. Really financial institutions are having very difficult situation, while managing their business in the years of bankruptcies, economy decreased and unstable business.

The crude oil prices remained almost unchanged in today’s electronic commerce in global oil markets and is on track to finish the week with a fall despite the strong depreciation of the dollar. U.S. light crude for November delivery traded with a slight increase from 0.1 percent to 81.74 dollars a barrel today. Yesterday the price fell heavily to 1.56 dollars or 1.9 percent, to 81.67 dollars per barrel. The decline is greatest from 16 September onwards. Since the beginning of this week’s energy input is dropped by 0.5 percent and 2.3 percent since the beginning of this year, according to data compiled by Bloomberg. In an environment its price rose to their highest levels for the past five months, but then retreated because of disappointing data on employment in the private sector of the U.S. economy. Later today, leaving the status of key U.S. economic data on unemployment and employment in the agricultural sectors in September. Analysts said the U.S. unemployment rose to 9.7 percent from 9.6 percent in August. The number of jobs in non-agricultural sectors did is expected to remain almost unchanged. Brent crude rising by 0.2 percent to 83.57 dollars a barrel in electronic trading today. Yesterday the price dropped by 1.63 dollars or 1.9 percent, to 83.43 dollars per barrel. Gold for immediate delivery while trading near yesterday’s levels at 334.10 dollars an ounce.
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The French President Nicolas Sarkozy again called on leaders of the 20 most advanced economies to work together for comprehensive reform of the global monetary system. “We need to create a new framework for discussion of movements in exchange rates,” said Sarkozy, adding that China is not meaningless to talk about conversion rates. As a reason for it indicates the huge reserves of foreign currency available to the Asian country. Sarkozy said that the stabilization of moving large change currency markets and raw materials will be the main topic of the G-20 are in November. It will pass under the presidency of France, as the country holds the rotating presidency of the G-20 and G-8 November. Important topic will be the need to limit the dominance of the U.S. dollar as primary reserve currency. In this respect, Sarkozy calls for action towards increasing the role of alternative currencies. Improving the coordination of economic policies at the global level is also among the priorities of Sarkozy as he said so you can be battled volatile exchange rates. This is necessary as a prevention against the accumulation of significant reserves, particularly in developing countries.
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The crude oil price rose over the past day, as the quotations again turned to 77 dollars a barrel. This gave rise to some positive signs for the Chinese economy and the retreat of the dollar. Oil supported the second consecutive growth indexes in China. He came because data for increased domestic consumption, leading to increased profits of car manufacturers. This gives rise to expectations that demand for fuels in the country will increase. On the New York Stock Exchange yesterday, oil contracts with delivery in August increased its price by 0.7 percent to 76.54 dollars a barrel. The deadline for trading with them expires today, but this morning their price increased by 0.15 percent to 76.65 dollars a barrel. The September futures which are already traded more actively, rose 0.1 per cent to 77 dollars a barrel. This morning the euro managed to advance to 1,2968 EUR / USD, and again towards the attack rate of 1.30 dollars per euro.
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