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One reason for the expected jump, he says, is that in 2009 many lenders were under pressure from the Obama Administration to postpone repossessions until loan modifications could be made. However, many banks didn't have the staff to assess all their defaulted loans at the time, and he believes...
Over the past few days, bank officials say that most cash machines in the country have been reconfigured and are now reading the cards again. But they say that most payment terminals won't be fixed until at least Monday, which has led some crafty consumers to come up with...
Until the banks fix the problem, Germans will have no choice but to be patient. Or they could always pay for their goods the old-fashioned way - by cash.
"We need a mayor, and we need, collectively as a group, to choose a mayor," council member Sam Seidel said. "We will sort of stay at it and keep working at it until we [get] there."
What happened next is not entirely clear. Slovakian authorities say they immediately contacted their counterparts at Dublin Airport to explain the situation, but the Dublin Airport Authority says it did not hear from the Slovakians until Tuesday morning. (According to the Irish media, a telex went to the wrong number...