The idea was a cold-turkey cure for endemic balance-of-payments problems, turning economic management on its head by floating sterling and letting the market dictate the exchange rate.
The fact is that spending on interest payments is one of the big problems that we face when it comes to our budget deficits, and reducing those payments is a significant achievement when it comes to reducing spending.
The Scottish Building Federation (SBF) found four out of every five building firms had suffered problems with late payments over the past year.
When interest rates on Treasuries rise, our interest payments will grow making out budget problems worse.
In rare cases, some residents have seen reductions in services or lost their upfront payments when the developer encountered financial problems.
He said that the main reason people turned to the food banks for help was after having problems with social security payments.
BBC: Number of Sheffield charity food banks doubles in one year
This example shows one of the problems involved with electronic payments that were outlined today by Snyder and other financial service experts before the U.S. House Subcommittee on Domestic and International Monetary Policy.
It said it was "working very closely" with its public sector clients to help identify problems and "correct future pension payments as quickly as possible".
Within days, the reporters had a story of a young man who was in financial distress, had alcohol problems, gambling problems and was behind on child support payments.
FORBES: MF Global's Trader That Will Go To Prison - Brent Dooley
But even if covered, people have to make large co-payments, which for the elderly and those with serious health problems can be crippling.
Lloyds Banking Group has suffered problems from the start of Monday with the Faster Payments System that transfers funds into and out of accounts.
DG's Mr Thiemann has been instrumental in centralising the mutual banks' asset-management, payments and securities businesses, which should boost efficiency and reduce problems at outlying banks.
"We witness ever-increasing transfer payments to southern European countries, and we see that the problems in these countries are not being solved, but aggravated more and more, " he said.
Newmont also faced problems from the Indonesian government over increase in royalty payments, the obligation to process mineral ores in Indonesia, the use of local goods and services, divestment, contract extensions, and the size of mining areas.
Greece is at the forefront of the most recent problems as concerns flared that it would not receive its next tranche of payments from the International Monetary Fund and the European Union.
FORBES: METALS OUTLOOK: Sovereign Debt Worries To Lift Gold Again Next Week
Several local tenants on the direct payments project have needed help to cope with the new system, all with mental health problems.
应用推荐