One in 5 Baby Boomers to retire with mortgage debt | afr.com – The Australian Financial Review

Baby boomers who have shelled out a collective $200 billion over the course of their lives to help their adult children and other family members cover expenses like housing, weddings and healthcare are putting their own comfortable retirement at risk according to a new survey. A white paper commissioned by one of Australia’s largest superannuation…

Federal budget 2017: Reporting shake-up sparks debt spree concerns – The Sydney Morning Herald

Leading economists have expressed unease about a budget change that would allow the government to all but eliminate the deficit within two years while borrowing to help build projects including a rail link to Sydney’s second airport and a rail line from Melbourne to Brisbane. The change, unveiled by Treasurer Scott Morrison on Thursday, will prioritise a…

EU’s Juncker calls on euro zone to outline Greek debt relief measures in May – report – Hellenic Shipping News Worldwide

European Commission President Jean-Claude Juncker urged euro zone countries to draw up more debt relief measures for Greece next month, saying Athens needed help after making huge progress in its economic reforms.Euro zone finance ministers will meet in Brussels on May 22 to discuss progress made in talks to conclude Greeces crucial bailout review which…