Debts
in sentence
1153 examples of Debts in a sentence
Countries such as Malaysia, South Africa, and Turkey, plus Latin America’s more financially open economies, also have rising foreign-currency
debts.
The European countries that are growing soundly are those that have avoided taking on large public debts: Poland, Sweden, Estonia, Latvia, Lithuania, and Slovakia.
I was arguing that the current state of integration within the eurozone is inadequate: the euro will work only if the bulk of the national
debts
are financed by Eurobonds and the banking system is regulated by institutions that create a level playing field within the eurozone.
Allowing the bulk of outstanding national
debts
to be converted into Eurobonds would work wonders.
They would have to default on their debts, precipitating global financial turmoil that may be beyond the capacity of authorities to contain.
When Alexander Hamilton, the first US finance minister, mutualised state
debts
in 1791, he thought this would cement the new American nation.
If secular stagnation persists, these countries will have to undertake painful structural reforms, figure out how to restructure their promises (debts, social-security commitments, and pledges to keep taxes low), and distribute the resulting burden.
Moreover, some countries, overwhelmed by their
debts
to China, are being forced to sell to it stakes in Chinese-financed projects or hand over their management to Chinese state-owned firms.
As if that were not enough, China is taking steps to ensure that countries will not be able to escape their
debts.
Puerto Rico will not pay its
debts
– not even what is left after debt reduction – unless its economy grows.
Indeed, Kuwait refuses to forgive Iraq’s Saddam-era debts, and is building a port at Mubarak al-Kabir, which Iraqis view as a naked attempt to suffocate Iraq’s already limited access to the Persian Gulf.
Worse, the recovery is likely to be anemic and sub-par – well below potential for a couple of years, if not longer – as the burden of
debts
and leverage of the private sector combine with rising public sector
debts
to limit the ability of households, financial firms, and corporations to lend, borrow, spend, consume, and invest.
So what really matters is the composition of
debts
and liabilities – or, to put it simply, who owes what to whom.
A similar mistake is made in assessing China’s debts, about which the world is most concerned.
As analysts at Stratfor Global Intelligence put it, “Unless the Kremlin is willing to let Russian companies default on their
debts
or make bigger cuts to their current operations or future investments in the coming years, Moscow will need to convince the Europeans to let at least the harshest sanctions expire.”
Debt growth exposed critical weaknesses in the eurozone’s economic constitution: national
debts
are the responsibility of member countries, but the common currency is without a sovereign.
Unlike most central banks, the ECB cannot act as a lender of last resort, which, in conjunction with the absence of common bonds (Eurobonds), induced large-scale speculation on intra-European national
debts.
Until recently, the bond markets treated all euro sovereign
debts
as virtually equal, not raising interest rates on high-debt countries until the possibility of default became clear.
It should thus be obvious that banks should hold some capital against the risks they assume when lending to governments with particularly high
debts
or large budget deficits.
Governments that go bust would have to restructure their
debts
rather than get bailouts from other EU states.
As the Soviet Union crumbled and Yeltsin’s new, independent Russian government attempted radical reform, the G7 countries’ sent a bunch of deputy finance ministers to Moscow to insist that Soviet era
debts
be honored.
Eurozone leaders’ decision on July 21 to allow the European Financial Stability Facility to buy back old
debts
– limited only by the EFSF’s capacity – already amounts to a type of Eurobond.
Pooling
debts
doesn’t make them go away.
Everybody and every country must service their own debts; there is no way around that.
In 1931, the experts were preoccupied with the complexities posed by the combination of reparations and war
debts
arising out of World War I with large private-sector indebtedness.
So a firm’s success in decreasing its private
debts
leads to an increase in the public debt.
First, existing
debts
needs to be disarmed: their maturity must be lengthened, the rescheduled debt must carry only moderate interest and the amount outstanding needs to be cut; creditors have been prepaid over recent years with record interest rates so it is now time for a "hair cut".
Bank deposits, along with most other private and public debts, were denominated in that national currency.
As the property boom wanes, their
debts
become increasingly unsustainable – a situation that has already reportedly compelled some local governments to borrow money for land purchases to prop up prices.
Africa must cease being a region to be ransacked, burdened with ill-considered
debts
by the IMF and World Bank, and so left with institutionalised famine, lawlessness, and horrendus corruption.
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