High Unemployment and Public Debt Remain Biggest Economic Issue

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High Unemployment and Public Debt Remain Biggest Economic Issue

United Kingdom, 15 September 2012 -- After Dublin conference, it has been told that public debt and high unemployment rate are still biggest problem in financial sector and will continue for further years.

After Dublin conference, it has been told that public debt and high unemployment rate are still biggest problem in financial sector and will continue for further years. These problems are making economic environment more critical and troublesome to state economic policies since 1970s.

Deputy Governor of central bank, Stefan Gerlach has stated that bank has to take much greater steps to improve financial system of state to avoid financial crisis in coming years. Further, he states to prevent excessive risk taking decisions and financial activities as suggested by the 44^th annual Micro and finance conference in Trinity College that was based on the financial experience of past decade. It is also important to note that risk taking ability is limited.

Financial worries are on high but one particular possible problem is very low level of interest rate in future that central bank does time to time to maintain financial stability. Monetary policymakers and finance experts would pay more attention to macro prudential policies but that may be inadequate if reductions in interest rate continue goes on. Policymakers cannot take decisions against the available financial situations except the case of interest rate. Macro prudential policy actions will necessarily be made to make finance stable. Lots of people are busy to finding debt solution like debt consolidation(http://www.debtconsolidation247.co.uk/) to solve their debt problems.

Deputy Governor has also suggested innovative way of thinking to manage with finance market. Main focus of central bank will be to make inflation rate stable as it was before the crisis began. It may take longer time to bring back the finance on track. Monetary policy makers will use short term interest rate as major monetary tool to avoid financial crisis.

Financial crisis has given birth to several new financial problems like unemployment and public debts. Debt consolidation loans and other federal financial options like IVA(http://www.debtconsolidation247.co.uk/iva.html) and DRO are assisting consumers to manage with the situation but prime concern is to end the financial crisis to avoid any further trouble. UK economy may face worse situation if the financial actions that have been taken will not work in right direction.

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Submitted by Robin Smith, Debtconsolidation247.co.uk on Saturday, 15 September 2012 at 5:47 PM
Category: Economy

Source: http://news.scoopasia.com/index.php/news/high_unemployment_and_public_debt_remain_biggest_economic_issue/

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