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	<title>Finance News &#187; World Finance</title>
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		<title>Global Financial Stability</title>
		<link>http://www.myfinancetools.com/global-financial-stability</link>
		<comments>http://www.myfinancetools.com/global-financial-stability#comments</comments>
		<pubDate>Mon, 13 Jul 2009 08:01:50 +0000</pubDate>
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				<category><![CDATA[World Finance]]></category>
		<category><![CDATA[Credit Crunch]]></category>
		<category><![CDATA[Financial Crisis]]></category>

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		<description><![CDATA[The global financial crisis has been hitting the world very hard. Millions of people are unemployed, cases of unpaid debt is increasing, as well as closure of some companies especially those who are into electronics and garments. A group of countries has been formed to analyzed and formulate possible solution to save the financial markets. [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignright size-medium wp-image-26" title="credit" src="http://www.myfinancetools.com/wp-content/uploads/2009/07/credit-300x225.jpg" alt="credit" width="300" height="225" />The global financial crisis has been hitting the world very hard. Millions of people are unemployed, cases of unpaid debt is increasing, as well as closure of some companies especially those who are into electronics and garments. A group of countries has been formed to analyzed and formulate possible solution to save the financial markets. Argentina, Brazil, China, India, Indonesia, Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, Spain, USA and European Commission are among the members of this group. The group are welcoming other countries to join their group in solving global financial crisis. The team will work on the expanded Financial Stability Forum to make sure that every government will begin to plan their exit from direct market participation. The move will be followed by a re-launch of global economic growth and job creation.</p>
<p>Developing countries and other poor countries are making their own contingency plan to help their people overcome this crisis. Alternative job are given to unemployed who wants to work even if it has a very low salary wage. Companies are struggling very hard to survive the crisis. There are millions of people worldwide who are unemployed and without work for almost 6 months. According to experts the number of unemployed will be increasing until the mid of 2010. Just recently in the news a US resident killed his wife and daughter because of depression. He was removed from his job because the company has declared bankruptcy. There are alternative works available especially online which can be helpful for those who haven&#8217;t got any work as of the moment.</p>
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