Creditors
in sentence
1217 examples of Creditors in a sentence
When push comes to shove, domestic politics trumps foreign
creditors.
Europe’s Attack on Greek DemocracyNEW YORK – The rising crescendo of bickering and acrimony within Europe might seem to outsiders to be the inevitable result of the bitter endgame playing out between Greece and its
creditors.
And, though the cost in terms of human suffering has been extremely high, the Greek government’s recent proposals went a long way toward meeting its creditors’ demands.
It has gone to pay out private-sector
creditors
– including German and French banks.
The IMF and the other “official”
creditors
do not need the money that is being demanded.
That is, more money flowed out of Africa to
creditors
than returned as fresh lending.
Properly functioning financial markets require
creditors
to bear the consequences of imprudent lending.
Given the evidence of widespread capital flight fueled by external borrowing, African governments can rightly insist that
creditors
have the responsibility of establishing that their loans were used for bona fide purposes.
The second problem is that
creditors
may withhold new lending from governments that have the nerve to reject odious debts.
But today resources flow from Africa to creditors, rather than the reverse.
In the long run, selective repudiation of odious debts will benefit both borrowers and
creditors
by promoting more responsible lending practices.
Hence the incentives of the NDB’s prospective
creditors
and borrowers are happily aligned.
Their answer is bankruptcy arrangements and haircuts for creditors, bigger social programs, capital controls.
In the nonfinancial sector, failing companies often wait too long before declaring bankruptcy, so
creditors
may step in to do some pushing, potentially even forcing a bankruptcy of a failed firm.
If
creditors
and depositors of a failed American mega-bank’s foreign affiliate run off with the cash they held there, or if a foreign regulator shuts down that affiliate, the US bank would be in an untenable position.
The risk may be limited today, but it will become larger should the new ESM become full-coverage insurance against insolvency with no burden-sharing by
creditors.
Think about the different effects of interest rates on debtors versus
creditors.
On the contrary, Greece’s
creditors
– and its own politicians – have handled the crisis in a way that has thrown the entire constitutional achievement of the past four decades into doubt.
But, if financing were to become easier, it would be unclear how both
creditors
and debtors would perceive the risk of excessive imbalances.
For creditors, especially German lenders, the main priority has been to impose austerity and discipline on the eurozone’s profligate south.
But if
creditors
must share in the downside of the current crisis, they should also share in the future economic growth of peripheral eurozone economies.
It would guarantee that
creditors
share in the upside of the reforms that the eurozone must implement to guarantee its own viability.
In exchange for a reduction of its existing debt, the Argentinean government issued new bonds linked to GDP warrants and committed 5% of future annual GDP growth above 3.3% to a pool shared among
creditors.
Because debt is a liability for borrowers and an asset for creditors, these trends have divergent effects, increasing value for the asset holder, while increasing the liability of the debtor.
But who, precisely, are those who do not repay their debts, and who are those who hire assassins to get rid of their
creditors?
And it could compel Europe to overcome the political obstacles blocking solutions to longstanding problems, such as providing the cover needed for certain European
creditors
to grant deeper debt relief for Greece, whose already-massive fiscal and employment problems are being exacerbated by the influx of refugees.
Cuba could of course borrow from bilateral
creditors.
The impulse simply to cut the Gordian knot of debt by defaulting on it is much stronger when
creditors
are remote and unknown.
They depended much less on foreign
creditors
than on domestic lenders.
They could thus guarantee – also on behalf of other
creditors
– that the state’s finances were solid, and that debts would be repaid.
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