• drawing a target

    Market Pressure Eases as Debt-hit Greece Activates Aid Mechanism

    Talking from Kastelorizo, Greece’s tiny, easternmost island on 22 April 2010, Greek Prime Minister George Papandreou spoke of a new Odyssey as he asked for the EU financial aid mechanism put in place to support his debt-hit country to be activated. He acknowledged that the markets did not respond to the EU agreement of 11 April 2010 that was hoped to ease the pressure on the embattled Greek economy. Market Pressure on Greece If there were some hoping that the EU financial mechanism and the IMF involvement in Greece’s internal affairs could be averted, the reaction of the markets left no breathing space. Greece’s financial woes were far from over…

  • drawing a target

    Prayers for Debt: Blessing a Budget, Prayer to Stop Spending, and More

    Nothing makes one feel helpless quite like being in debt. The following prayers ask God for strength, courage and guidance to maintain a budget, stop spending, fight creditors, and celebrate paying off bills. Prayer to Bless a Budget Admitting one is in debt is the beginning of the debt solution. Sticking to a budget to prevent future debt, however, can be a challenge. The following prayer asks God’s help in getting out of debt: “God of giving, please give me more of Your love, that I might crave fewer material possessions. Grant me a sense of fullness, not emptiness, as I stick to this budget. Especially protect me from ([nsert…