Debts
in sentence
1153 examples of Debts in a sentence
It would not allow broad-spectrum, full-scale bankruptcies, in which failing operations are closed under the court’s aegis, viable operations are sold, and
debts
are restructured up and down a company’s balance sheet.
The bank would be closed on Friday evening, unburdened of pre-positioned evaporating
debts
over the weekend, and reopened on Monday morning, without (in the best-case scenario) needing a government bailout.
For starters, thanks to painful austerity, deficits and
debts
have fallen, meaning that most advanced economies now have some fiscal space to boost demand.
Another reason is that ordinary citizens suffer when
debts
are not cancelled, when financial assistance is not forthcoming, or when trade barriers are raised.
That policy was destined to produce a financial crisis, because it was bound to leave governments and banks with depleted assets and larger
debts.
More to the point, as George Washington’s Treasury secretary, he crafted the bargain that successfully rationalized the US states’
debts.
He identified a source of revenue – the tariff – that could be devoted to this end, and he rendered the bargain politically palatable by making clear that if state governments accumulated additional debts, and again got into trouble, they would not be bailed out a second time.
There is no provision in the US Constitution to guarantee that the US will always pay its debts, but the American Republic has proven itself for 200-plus years to be about as good a credit risk as has ever existed.
We can debate the exact fiscal pressures in each case, and precisely how various kinds of bondholders were treated, but the simple fact of the matter is that when the going gets tough, the US pays its
debts.
Countries never default because they can’t pay their debts; there are always ways to decrease expenditures or raise taxes.
Countries default because their political processes bring them to the point where the people in power decide, for whatever reason, not to pay the government’s
debts.
Suddenly, many Turkish corporations found it increasingly difficult to service their dollar-denominated
debts
with liras.
Of course, such a move would carry considerable political costs in Germany, where many taxpayers recoil at the notion of assuming the
debts
of the fiscally profligate southern countries, without considering how much Germany would benefit from a stable and dynamic monetary union.
BEIJING – At a time of slowing economic growth and massive corporate debts, a deflationary spiral would be China’s worst nightmare.
This is a pittance compared to the eurozone’s
debts
and deficits, and would fall far short of funding Europe’s permanent rescue facility, the European Stability Mechanism, which is supposed to be capitalized to the tune of €500 billion.
Many developed countries are also failing to invest in high-return assets, but for a different reason: Their tight budgets and rising
debts
are preventing them from investing much at all.
But who, precisely, are those who do not repay their debts, and who are those who hire assassins to get rid of their creditors?
“Austerians” believe that only balancing government budgets and shrinking national
debts
will restore investor confidence.
I advocate this for the old-fashioned Keynesian reason that we are suffering from a deficiency of aggregate demand, that the multiplier is positive, and that the most effective way to reduce the private and public
debts
a year or two down the line is by taking steps to boost growth in national income now.
Now the right – increasingly catering to a Southern, rural, and white constituency – cares much more about shrinking the federal government, and in recent years has viewed shutting it down or threatening nonpayment of
debts
as a way to “starve the beast.”
They could thus guarantee – also on behalf of other creditors – that the state’s finances were solid, and that
debts
would be repaid.
But then Paul Volcker increased interest rates in the US, the dollars went home, most countries defaulted on their debts, and the 1980’s became a “lost decade” for Latin America.
All of the advanced economies (to varying degrees) have significant legacy
debts
(public and private) from the excesses that set the stage for the financial crisis, as well as from the prolonged impact of the crisis on the real economy.
Low interest rates have eased the burden of those
debts
(in effect, negative real interest rates are a tax on bondholders), but rates are on the rise.
For Greece, Italy, Portugal, and Spain, public-sector debt must now also include the central bank’s sharply rising
debts.
Saving Somalia Through Debt ReliefLONDON – Julius Nyerere, the first president of Tanzania, once asked his country’s creditors a blunt question: “Must we starve our children to pay our debts?”
His brother was trapped in Malaysia with high
debts
to criminal gangs, so Hector sold his kidney in order to buy his freedom.
When Russia announced its suspension of payments on debt servicing, banks drew in their credits from other emerging markets around the world, especially countries with overvalued currencies and large bank
debts.
Given deleveraging from high private and public debts, unconventional monetary policies could prevent severe recessions and outright deflation; but they could not bring about robust growth and 2% inflation.
At the same time, fiscal policy has been constrained in some countries by high deficits and
debts
(which jeopardize market access), and in others (the eurozone, the United Kingdom, and the United States, for example) by a political backlash against further fiscal stimulus, leading to austerity measures that undermine short-term growth.
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