Debts
in sentence
1153 examples of Debts in a sentence
Nonetheless, if interest-rate hikes are aligned with accelerating global growth, even these countries might not be much worse off, because growth will help them to service their foreign
debts.
In a modern economy, money has a well-defined real value because governments accept it as payment of taxes and issue
debts
in defined monetary amounts, and because central banks ensure that total monetary creation, by either the state or the private banking system, grows at a pace compatible with relatively low and stable inflation.
This would lower the cost of labor, restoring competitiveness (as in Asia after 1997-98) while also inflating asset prices and thereby helping borrowers who are underwater on their mortgages and other
debts.
In the year-and-a-half since South Korea received a $57billion IMF bailout, and the 13 months since former dissident Kim Dae Jung became president, the currency (the won) has stabilized, short-term
debts
have been rolled over into long-term ones, foreign reserves have increased, and interest rates have been cut.
It is already clear that the EU’s recently agreed “fiscal compact” will not constrain budget deficits or reduce national
debts.
Indeed, it ruled that German participation in the single currency was consistent with Germany’s constitution – as was the Lisbon Treaty, the EFSF, the ESM, the ECB’s breach of the EU’s no-bailout clause, and German guarantees for other eurozone countries’
debts.
In Putin’s view, the Soviet Union collapsed under the weight of its
debts.
In the 2000’s, largely thanks to high oil prices, Putin paid off the state’s
debts.
In 1918, Keynes urged the cancelation of inter-Allied
debts
arising from World War I.“We shall never be able to move again, unless we can free our limbs from these paper shackles,” he wrote.
The Greek government has asked Europe to swap existing
debts
with new
debts
to lock in low interest rates and long maturities.
Others pretend to worry about the moral-hazard implications of debt relief, despite the fact that the country’s private-sector debt has already been written off at EU insistence, and that there are dozens, if not hundreds, of precedents for restructuring the
debts
of insolvent sovereigns.
Then, as now, creditor countries (mainly the US) were demanding that deeply indebted countries make good on their
debts.
Like outright default or the restructuring of
debts
to official creditors, such arrears are often swept under the rug, possibly because they tend to involve low-income debtors and relatively small dollar amounts.
But that does not negate their eventual capacity to help spur a new round of crises, when sovereigns who never quite got a handle on their
debts
are, say, met with unfavorable global conditions.
When the evidence of these excesses became overwhelming, new credit stopped flowing, making it impossible to service existing
debts.
They like to warn that although Puerto Rico is a commonwealth, not a state, its failure to service its
debts
would set a bad precedent for US states and municipalities.
In the 1840s, nine US states stopped servicing their
debts.
Lately, many emerging-market currencies have slid sharply, increasing the cost of servicing external dollar
debts.
Second, this is a crisis of solvency, not just liquidity, but true deleveraging has not really started, because private losses and
debts
of households, financial institutions, and even corporations are not being reduced, but rather socialized and put on government balance sheets.
Fifth, weak profitability, owing to high
debts
and default risk, low economic – and thus revenue – growth, and persistent deflationary pressure on companies’ margins, will continue to constrain firms’ willingness to produce, hire workers, and invest.
Deficits and
debts
can explode, with no path towards resolution.
More recently, in mid-November, Venezuela defaulted on its external sovereign debt and
debts
owed by the state-owned oil company, PDVSA.
The results of austerity have been what any Keynesian would have expected: hardly any growth in the UK and the eurozone in the last two and a half years, and huge declines in some countries; little reduction in public deficits, despite large spending cuts; and higher national
debts.
European Union officials argue that it would be catastrophic to restructure any member’s
debts
proactively.
For a country with large foreign debts, the opposite is true.
That place is not Europe or Japan, where
debts
are even higher than in the US – and the demographic preconditions for servicing them less favorable.
It wants reassurance that the US will stand behind its
debts.
I am not in a position to follow the battle within the ECB from the outside, but what the outcome will have a major influence on the future course of events.It should not escape your attention that if the ECB succeeded in making credit available on equal terms, it would effectively mean a large-scale mutualization of rather risky
debts.
Once that happened, it would make sense to mutualize government
debts
as well.
State authorities said they were prompted to take decisive action by a spate of suicides by borrowers who were unable to pay their
debts.
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