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Greek Prime Minister to Hold Referendum to Accept or Reject EU Bailout Plan


Hong Kong (PRWEB) November 05, 2011

While EU leaders have leapt to pressure Greece to accept the plan in the hopes of containing the crisis, there is no apparent certainty in the immediate future as to whether the plan will be implemented or now. According to InvestTechFX, Forex currency exchange reacted negatively, sending the euro currency down in value. The financial situation in Greece continues to fall into turmoil with each passing week.

FX trading appears to be showing signs of fatigue over the entire situation and the most recent trading session seemed to switch focus fromthe Euro zone to the affairs of Ben Bernanke and the FOMC, along with positive economic news from the United States regarding corporate earnings and key economic indicators.

It?s relatively certain that investor attention will return to the ongoing saga in Europe soon enough, so a brief perspective on the nature of the dilemma facing the EU is in order.

The economy of Greece ranks 32nd in the world, in terms of nominal GDP, at around $ 300 billion for 2010. That represents less than 2% of the combined $ 16 trillion GDP generated by the EU. Given the relatively insignificant percentage, it would be fair to ask what the big fuss is.

One possible answer is that Greece?s debt burden currently exceeds its GDP by close to $ 30 billion. EU members, most notably France and Germany, have had at least several years? worth of one financial crisis after another, including Ireland and Portugal, with the prospect of a much more serious issue should Italy require rescue.

A more simplistic answer, however, is that financial markets, investors and traders need this type of drama in order to create the price fluctuation on which all investment and price speculation depends.

Without these economic emergencies and conflicting news reports, fundamental traders would have zero incentive to be involved in Forex currency exchange transactions. Without the involvement of the fundamental traders, technical traders would have no price volatility to analyze in the quest for profitable trades.

Regardless of the reasons or motivations of those involved, the objective perspective that can be obtained from a Forex ECN broker is invaluable for those who wish to emerge unscathed from the present uncertainty that is having its effect on the major and minor economies of the entire world.

Traders utilizing a Forex ECN also have the assurance that the broker is not engaged in trading against them such as is the case with the market maker broker. This eliminates the potential that exists for a market maker broker to delay or otherwise manipulate the price data feed they supply to their clients in order to trigger protective stop loss orders, generating a profit for them and a loss for their clients, or to delay the execution of clients? limit orders to adversely affect fill prices. These benefits arise from the fact that an ECN brokers acts simply as an intermediary, matching buy orders with sell orders.

Forex trading, on the surface, seems deceptively simple. Currency prices can do one of three things, increase, decrease, or remain steady. Just beneath the surface, however, is the volatility in predicting when exactly prices will do any of these three things, which is difficult to predict with absolute certainty.

This is where the advantage of using a Forex ECN becomes readily apparent. Without the anxiety produced by having to compete against a much more experienced, well financed opponent in the form of a market maker broker, traders can concentrate on uncovering high probability trading opportunities that have a reasonable expectation of producing profits.

One such Forex ECN broker that deserves close consideration is InvestTechFX. They provide retail Forex traders with access to the same Forex liquidity providers that are used by major FX trading concerns such as international banks and multinational corporations. To learn more, visit them at http://www.investtechfx.com and arrange a no-cost, no obligation trial account.

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USAPaydayForever.com Announces Their Payday Advances Loans Services Tips During Economic Uncertainties

(PRWEB) November 05, 2011

The global markets, including those in the Euro Zone, have been holding their breath in regards to a debt crisis and bailouts in Greece. There have been fears of Greek defaults and even of Greece stepping away from the Euro. Such activity has kept markets and economies in suspense. If things go awry, people here in the United States can expect tougher financial times ahead. As such, USAPaydayForever.com has recognized that more consumers are going to seek out payday advances loans. Because of this USAPaydayForever.com has changed the way they relate to consumers by giving them tips on how to properly utilize payday advances loans.

About payday advances loans, USAPaydayForever.com has said, “Because of recent economic turmoil, many lenders have tightened their belts as to how much they lend and who they lend to. It has become more difficult for most people to find loans for their day to day needs. Payday advances loans are one of the last few types of lending that people can get. As the economy worsens, more people will seek them out. However, we want people to know that this type of lending comes at a high price. Payday advances loans are unsecured loans that are obtainable at a high interest rate with no credit required.”

The fact of the matter is that payday style loans do cost a lot, but most payday loan companies can’t afford to stay in business if they didn’t charge what they do. Because consumers don’t need good credit to get payday advances loans, this means that many high risk consumers are able to get them. Around 20% of people who get these loans default on them, which is a high cost to lenders.

The advice that USAPaydayForever.com gives has to do with how people should approach payday advances loans. USAPaydayForever.com has said on their website that people should first determine if they are truly dealing with a financial emergency. An example of such an emergency would be determining if not getting a loan would entail being evicted from not being able to pay rent. If that’s the case, and the consumer is prepared to pay back, then it is a good idea to get payday advances loans.

About USAPaydayForever.com – USAPaydayForever.com is an online company that helps consumers find payday advances loans. For more information go to http://www.usapaydayforever.com.

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Personal Bankruptcy Canada, Inc. Offers Bankruptcy Trustee Sponsorships On National Canadian Bankruptcy Network


Calgary, Alberta (PRWEB) November 03, 2011

With Canadian personal debt levels at record highs and an uncertain economic forecast, David Smith at Personal Bankruptcy Canada, Inc. has provided residents all over Canada with the opportunity to obtain reliable debt assistance from a group of trusted professionals. Smith has created a network of highly qualified, reputable trustees across the nation, accessible through one national website, Personal Bankruptcy Canada.

From British Columbia to Newfoundland, trustee firms including Adamson & Associates, Inc., Exelby & Partners, Ltd., Allan Marshall & Associates, Inc., Haley & Associates, Derek L. Chase & Associates, Janes & Noseworthy, and most recently, Ottawa-based Surgeson Carson Associates, Inc., have joined PBC?s network of licensed and experienced Canadian Trustees in Bankruptcy at Personal Bankruptcy Canada.

PersonalBankruptcyCanada.ca is a free website that provides consumers with general debt and bankruptcy resources, including access to highly qualified bankruptcy trustees across the Canadian provinces and valuable education information on bankruptcy and debt management.

?A growing number of Trustees in Bankruptcy are joining the Personal Bankruptcy Canada network to assist Canadians in their provinces with the difficult task of getting their personal debt under control,? said David Smith at Personal Bankruptcy Canada. ?Through our network, trustees across Canada will be able to help more citizens better navigate the tricky waters of debt relief and provincial law.?

One of the first trustee firms to join the Network, Exelby & Partners? team of experienced Trustees and Senior Administrators has been providing financial and debt advice and solutions since 1995. The company?s team of professionals assists Edmonton families with all of aspects of the bankruptcy and proposal process.

?Personal Bankruptcy Canada provides information, options and feedback to a growing number of Canadians who are experiencing financial difficulty,? said Gary G. Howitt, CMA, with Exelby & Partners, Ltd. ?Our sponsorship on Personal Bankruptcy Canada gives our firm a tremendous opportunity to assist more and more Canadians in resolving their financial problems.?

Surgeson Carson Associates, the newest addition to the PBC Network, has been providing individuals, families, business and corporations with the tools and expertise needed to secure their financial future since 1997. The company is also committed to giving back to the local community, as evidenced by its upcoming sponsorship of the Annual Celebration for Serenity Renewal for Family, an Ottawa-based mental health education and counseling organization, being held on November 9th at the Helenic Centre.

For more information about sponsorship on the PBC network, visit http://www.PersonalBankruptcyCanada.ca.

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More Debt Press Releases

Q&A: What happens to people in debt when the dollar collapses?

Question by Michael: What happens to people in debt when the dollar collapses?
If the dollar gets reduced to zero and some person has thousands of dollars in credit card debt or mortgages, what happens to them? Are their debts wiped away? Are their assets going to be seized?

I don’t have debt. I just finished paying off the last bit. I’m just wondering.
I don’t literally mean reduced to zero, I mean fairly close to the point where currency traders unload the dollar on the world market. A dollar crash.

Best answer:

Answer by Beth
Everyone in the country is screwed. Every one who had money doesn’t have it. Their is no economy and the country collapses.

Add your own answer in the comments!

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Organizations Partner to Help Chicago-Area Children with Low Vision


Chicago, IL (PRWEB) November 03, 2011

Optelec, Spectrios Institute and Sight Savers America donate assistive technology to help children see things they never dreamed possible

For the second year a unique three-way coalition is providing life changing vision aids to underserved and underprivileged visually impaired children in the Chicago area on Thursday, November 4. These children, ages 7-16, have severe vision impairments such as Aniridia, Rod-Cone Dystrophy, Nystagmus, Ocular Albinism and other conditions contributing to vision loss. Most of the children can be helped and their vision greatly impacted by placing highly specialized vision aids in their homes. This equipment is costly and is not covered by insurance. That?s where the coalition steps in.

Coalition partners include Optelec U.S. Inc., a world leader in innovative and life changing assistive technologies for the blind and visually impaired; Sight Savers America, a nationally-expanding, not-for-profit organization that provides complete vision care for economically disadvantaged children; and Spectrios Institute for Low Vision, an organization which provides comprehensive visual rehabilitation programs. The strength of this unique coalition lies in partnering for profit companies with nonprofit organizations with similar missions, allowing all three partners to fulfill their shared goal of helping children achieve the best vision-services possible.

With that goal in mind, Spectrios has identified seven children who are ideal recipients for assistive technologies for the blind and visually impaired. Optelec is donating several MultiView electronic video magnifiers capable of enlarging objects up to 79 times their original size with multiple high contrast viewing modes, and Sight Savers is coordinating the event, donating some of the equipment, overseeing the training on use of the aids, and providing extensive follow up services to the children and their families.

Spectrios and Sight Savers? staffs will train the children and their families on how to use the electronic video magnifiers after which the children are able to take the products home to keep. Optelec?s President, Stephan Terwolbeck, and one of the Authorized Optelec Dealers for the State of Illinois, Magnified Vision, will also be on-site assisting with product training. All of these services are provided free of charge.

?We value lasting relationships with the kids we help,? said Jeff Haddox, Sight Savers America President/CEO, ?Therefore, we have an extensive follow-up program and check in with them until the child?s 19th birthday. We owe a huge debt of gratitude to Spectrios for working with us to identify the children who need our help and to Optelec for donating this life changing equipment. We all share a mutual goal, and that is to help these children make the most of their remaining vision, regain their childhood independence, and improve their quality of life.?

According to Optelec President Stephan Terwolbeck, ?This unique partnership allows us to reach and help children who otherwise would not have immediate access to this type of technology and we are pleased to continue our ongoing partnerships with Sight Savers America and Spectrios Institute. Optelec?s electronic video magnifiers will provide the children a means to stay connected with their family and peers. They will now have the capability to do things like reading a book or doing their homework on their own which is so important at such an early age.?

The donation of the Optelec Electronic Video Magnifier will take place on Nov. 4 from 10:00 a.m. – 2:00 p.m. in conjunction with the EnLIGHTen Low Vision Conference, sponsored in part by Spectrios. The conference, held during ATIA Chicago, will provide participants an opportunity to learn from doctors and professionals who are highly regarded in their field.

About Optelec U.S. Inc.

Optelec U.S. Inc. was founded in 1985 and is recognized as the worldwide market leader in providing innovative solutions for the blind, visually impaired, and learning disabled. Optelec reaches out with simple and effective low vision solutions for the home, school, work and on the go. Designed to maximize remaining sight for those with low vision, Optelec?s products enable users to improve their quality of life, independence and mobility. For more information, visit http://www.optelec.com and follow @Optelec on Twitter, Facebook and YouTube.

About Sight Savers America

Sight Savers America is a non-profit organization spreading the gift of sight to disadvantaged children, currently throughout Alabama, Mississippi, Louisiana and Georgia and is expanding into California, Illinois, Texas, and Florida. Sight Savers provides technologically advanced sight-enhancing devices for children with low vision and for those who are blind. In coordination with a network of over 1,000 volunteer eye care professionals, Sight Savers America also purchases necessary treatments from eye glasses to surgery to advanced vision aids at no cost to eligible families. The Sight Savers personal case management eye care service has become the benchmark for the industry. For more information, visit http://www.sightsaversamerica.org. Follow SSA on Facebook and Twitter.

About Spectrios Institute for Low Vision

Spectrios Institute, formerly Deicke Center for Visual Rehabilitation, is a unique organization providing a comprehensive visual rehabilitation program that includes a low vision evaluation, counseling, and teaching the skills of daily living and the use of technology. In addition, Spectrios Institute evaluates new methods and technology for aiding people with low vision and trains eye doctors in the highly specialized field of low vision care. Spectrios Institute is led by founder Dr. R. Tracy Williams, a recognized national leader in the field of low vision. For more information, visit http://www.spectrios.org.

MEDIA CONTACTS:

Linda Long

Sight Savers America

(205) 991-4881 (office)

(205) 260-9898 (cell)

llong(at)sightsaversamerica(dot)org

Courtney Berg

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