Imagine if everyone controlled spending, paid down debts and saved for retirement. The immediate effects would be ugly, but eventually the new habits could pay off.

WASHINGTON (Thomson Financial) - International debt relief should not be a priority in promoting growth and poverty reduction in developing countries, Treasury Assistant Secretary for International Affairs Clay Lowery said today.

Updated news from Balkan Europe powered by www.seenews.com Friday 27 June 2008, by Emanuele G. - 0 letture Drug Maker Bosnalijek Drags Down Bosnia’s Sarajevo Blue Chips Jun 27, 2008, 15:57 CET | Story | SeeNews SARAJEVO (Bosnia and Herzegovina), June 27

Updated news from Balkan Europe powered by www.seenews.com Friday 4 July 2008, by Emanuele G. - 0 letture Canada’s Bankers Petroleum Acquires Remaining 50% in Albania’s Kucova Oil Field for $1.5 Mln Jul 04, 2008, 14:26 CET | Story | SeeNews TIRANA (Al

(Adds background, economist comment.) By Joe Parkinson Of DOW JONES NEWSWIRES LONDON -(Dow Jones)- In the latest piece of gloomy news to hit the U.K. housing sector, mortgage approvals sunk to a record low in March, data from the British Bankers' Associa