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INFLUENCE OF FINANCIAL INTERMEDIATION INSTITUTES ON THE WELFARE OF THE POPULATION IN THE WESTERN EUROPEAN COUNTRIES
Karen Turyan, National Polytechnic University of Armenia, Armenia

(Presented at the International Conference on Research in Education and Science (ICRES) which took place on April 27-30, 2024, in Antalya, TURKEY (https://www.2024.icres.net/) and at the International Conference on Education in Mathematics, Science and Technology (ICEMST) (https://www.2024.icemst.com/) organized by the International Society for Technology, Education and Science (ISTES) http://www.istes.org).

Throughout the history of the origination and development of the economy, financial intermediation has served to reduce transaction costs, which has had a stimulating effect on the economic system. On the other hand, financial intermediation at certain stages, replacing the real sector of the economy, could cause economic crises, unjustifiably inflating the money supply. The period after World War II was a period of prosperity and development of the economies of Western Europe. The struggle and unity of opposites, which manifests itself in the synergy of capitalism and social justice, leads to the formation of a new society. All the difficulties of this period undoubtedly affected the well-being of the population. In such difficult conditions, financial intermediation could play an important role in developing the economic potential of Western European countries. Was this really the case? The article makes an attempt to find an answer to this particular question. The purpose of this study: – to determine the impact of the financial intermediation institutions on the well-being of the population in Western European countries. We use the methodology of chrono-discrete monogeographic comparative analysis proposed by Demichev (2019) for legal institutions.

Consumers have been warned to be vigilant of debt counsellors who are
placing them under debt counselling without their knowledge or
consent.

The National Credit Regulator says in some instances, consumers are
contacted telephonically and offered assistance on debt consolidation
or reduction of interest or instalments on their accounts.

NCR complaints department manager Enica Mpete explains.

Tune into Newzroom Afrika DStv channel 405 for more.

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The crisis of municipal debt to water boards may lead to some of the entities being bankrupt. As of June this year the municipal debt to water boards is at over R22 billion with an average increase of 151% between 2019 to 2024. Some of the boards for example the Vaal Central Water and Magalies Water, face bankruptcy in the next six to 12 months.

For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.

Debt Consolidation Loan Options Calculator: https://tryascend.com/qualify/calculator/sm/ytdeniedloans

Do you keep getting denied for Debt Consolidation loans? There now appear to be ‘income-based’ loans, but are those actually loans? Let’s talk about that in today’s video.

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Ken McElroy and Robert Kiyosaki discuss the misconceptions about debt and how it can be a powerful tool for building wealth. Learn the secrets of using other people’s money to buy assets, reduce tax liabilities, and achieve financial freedom.

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President Cyril Ramaphosa has committed himself to dealing with ballooning municipal debt. Electricity Minister Kgosientsho Ramokgopa says municipalities owe Eskom 78-billion rand. The President says the money is needed to secure the grid. #enca #dstv403

For more news: https://www.enca.com/