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Clause in sentence

182 examples of Clause in a sentence

The remainder has been reissued under English, not Greek, law, putting it outside of the control of the Greek government and its new collective-action clause, which facilities partial defaults.
The no-bailout clause that was included in the monetary union’s founding treaty is an indispensable corollary.
Critics contend that the clause, along with the Kremlin’s implied warning that it could withdraw from the treaty unilaterally were America’s defenses to become too robust, provides the Kremlin with leverage to impede deployment of any strategic missile-defense system.
Likewise, an affirmative-action clause for women is little different from a provision in the current constitution.
But this escape clause proved insufficient: when the global financial crisis hit (suggesting, at least in retrospect, that monetary policy had been too loose from 2003 to 2006), it was neither preceded nor followed by an upsurge in inflation.
Fred Bergsten and Joseph Gagnon, my colleagues at the Peterson Institute, have proposed including a currency clause in any TPP deal.
Such a clause could come with stronger or weaker teeth.
With the level of intervention by major countries currently limited (China) or non-existent (Japan), this is an ideal moment to include a currency clause in the TPP, as most countries are less likely to become defensive.
For example, the “safeguards” clause of the WTO could be broadened to allow the imposition of trade restrictions (subject to procedural disciplines) in instances where imports demonstrably conflict with domestic social norms.
They introduced a safety clause allowing a country to suspend the deficit ceiling in case of serious recession, but they went on to define a serious recession in such a way as to make such a suspension implausible in practice.
That is why the restructuring plan should include a third element: a clause providing for lending into arrears, which, by making new debt senior to old debt, would enable Puerto Rico to get fresh credit now, when it most needs it.
Granted, the removal of the unanimity clause provides a way to avoid this obstacle and allow for the pact’s implementation.
There is, however, one extraordinary clause: Article II proclaims freedom of religion in the Lutheran state, with the caveat that “Jews shall still be banned from entering the Realm.”
And just before the clause entered Norwegian law, the King of Denmark had granted citizenship to Jews in his realm.
What is most interesting about Norway’s 1814 constitution is not that it contains this clause, but why.
Nonetheless, there are lessons to be learned from the Norwegian constitution’s misguided anti-Jewish clause, which, it should be noted, was repealed just a few decades later.
The solution to this conundrum was supposed to have been the Stability and Growth Pact, working in tandem with the so-called “no bailout” clause in the Maastricht Treaty.
The Stability and Growth Pact clearly did not prevent “excessive” deficits, and the no-bailout clause failed its first test when European leaders, facing the Greek crisis, solemnly declared on February 11 that euro-zone members would “take determined and coordinated action, if needed, to safeguard financial stability in the euro area as a whole.”
The failure to impose market discipline via the no-bailout clause was predictable: in a systemic crisis, the immediate concern to preserve the stability of markets almost always trumps the desire to prevent the moral hazard that arises when imprudent debtors are saved.
Moreover, Red Bonds could be conveniently ring-fenced so that they do not destabilize the banking system, thereby ensuring that the no-bailout clause that applies to them becomes a credible proposition.
For example, the European Central Bank should exclude Red Bonds from its repo facility and a standardized collective-action clause to facilitate debt rescheduling should be made mandatory for Red Bonds.
In economic substance, the Blue Bond scheme is compatible with the no-bailout clause in Article 125 of the EU Treaty, because the debt guarantee would apply only to senior debt amounting at most to 60% of GDP, the level that the Maastricht Treaty deems sustainable for any EU member state.
Another clause stresses accountability to one’s peers, a hallmark of professional self-regulation.
From a historical perspective, CFT essentially amounts to a unilateral activation of the scarce-currency clause (Article 7) of the Bretton Woods Agreement, which allowed the International Monetary Fund to declare “scarce” the currency of a country running a persistent trade surplus, permitting other members to discriminate against its goods.
Merkel’s statements were driven partly by disagreement between Trump and Europe on climate change, trade, NATO (particularly Article 5, its collective defense clause, which Trump refused to endorse), and relations with Russia.
The use of the Lisbon Treaty clause means that the ECB must be given these additional responsibilities.
Indeed, Macri has announced that, in response to human rights violations in Venezuela, he will invoke the so-called “democratic clause” in the statutes of Mercosur, which could lead to Venezuela’s suspension from the regional trading bloc.
Another is the treaty’s “no bailout” clause.
If any set of rules needs a "sunset clause" to enforce review after a specific and limited period, it is affirmative action.
Elsewhere it is probably best to include in the laws of countries and the statutes of organizations a clause that makes affirmative action lapse after five years, or at most ten.
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