Insolvency
in example sentence
If the crisis persists, the country automatically enters an impending
insolvency
procedure, in which help would be available only after a 20-50% haircut for the maturing debt.
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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