Monday, 28 January 2013

Kuwait Faces Financial Crisis Over Loan Repayment - Al-Monitor: the Pulse of the Middle East

Over the years, a minor issue has turned into an absurd crisis. Some observers have said that the reason behind this crisis is the excessive desire for luxury, whereas others believe that it lies in the absence of any government control over banks, which compete in offering attractive services. The crisis of personal loans in Kuwait emerged as a daily issue, and has  turned into the most severe crisis in the Gulf, overthrowing a national assembly and raising storms in every new one. Some have wanted to take a popular position by calling for a complete cancelation of citizens’ debts — by allowing the government to purchase the loans — or to cancel the interest. Others have rejected this solution, however, considering it lacking in justice and equality.
Kuwait Faces Financial Crisis Over Loan Repayment - Al-Monitor: the Pulse of the Middle East

1 comment:

  1. Are you tired of seeking loans and Mortgages, have you been turned down constantly By your banks and other financial institutions,We offer any form of loan to individuals and corporate bodies at low interest rate. If you are interested in taking a loan, feel free to contact us today, We promise to offer you the best services ever. Just give us a try, because a trial will convince you.What are your Financial needs? Do you need a business loan?Do you need a personal loan? Do you want to buy a car?Do you want to refinance?Do you need a mortgage loan? Do you need a huge capital to start off your business proposal or expansion? Have you lost hope and you think there is no way out, and your financial burdens still persists? Contact us (infoloanfirm8@gmail.com)

    ReplyDelete