Today, one in three Egyptians live just above the poverty line. As a consequence, the rate of micro-credit lending has grown, with women the principle beneficiaries. Some 70 percent of loans in Egypt are given to women, but thousands of them fall victim to loan sharks and even end up in prison. FRANCE 24's Ruth Michaelson reports.
1. Make a budget and stick with it A budget is helpful in many facets of life. Christmas is no different. 2. Don't forget to budget hidden costs Things like holiday travel, Christmas parties or children's activities are easy to overlook, but are an important part of the budget and more.
Argentina is pushing creditors for more time to pay back its debts. The country is hemmed into a worsening crisis. President Macri laid out a series of desperate measures to try and lighten the country’s debt load. They will force investors into short-term notes, issued in the local market to accept longer maturities.
Bloomberg Real Yield focuses on global issues and events that directly affect debt markets: Bloomberg's Jonathan Ferro sat down with Lisa Hornby of Schroders, Gershon Distenfeld of AllianceBernstein and Invesco’s Noelle Corum to preview next week's market-moving events. Investors have turned their attention to Draghi's next move after mixed data from Europe points to the ECB changing its policy language.
Francesco Galietti, founder and chief executive officer at Policy Sonar, and David Kohl, head of currency research at Julius Baer, discuss the results of the European elections and a possible disciplinary procedure by the European Commission over Italy's failure to reduce its debt.
Egypt won't ask for further IMF funding next year, when its $12-billion dollars loan program expires. Finance Minister Mohamed Maait says the economy is now in better shape and he's working to reduce debt and gain investor confidence.