Insolvency
in example sentence
The Achilles heel of this arrangement is the lack of
insolvency
procedures for euro members.
More example sentences with word insolvency
My friends, many in their 50s and 60s, were looking at a downward mobility, a work-for-life proposition, just a job loss, medical diagnosis or divorce away from
insolvency.
And the IMF did impose conditions on its loans to Greece – including fiscal austerity, privatization, and structural reform of its pension and tax systems – most of which were necessary to address the country’s
insolvency.
Unlike Greece, Asia’s problem was not an
insolvency
crisis, but a liquidity crisis, caused by a sudden reversal of capital flows.
But, as its creditors have now recognized, providing more money will not address Greece’s
insolvency.
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