Default
in sentence
1154 examples of Default in a sentence
If Greece were to follow the Argentine script and be forced to leave the eurozone after a messy default, its nominal GDP is likely to be halved.
The only way to cut your debt (other than by default) is to get your economy to grow.
A government with a “credible” plan for “fiscal consolidation” supposedly is less likely to
default
on its debt, or leave it for the future to pay.
If their (foreign) creditors put too much pressure on them, they simply
default.
Default
is bad.
But life after
default
goes on much as before.
Paying the recalcitrant bondholders would mean losing face and possibly triggering a salvo of copycat lawsuits; not paying would mean technical
default
and all of its attendant costs.
Using the prices of credit
default
swaps, it shows that investors are accepting less compensation for bearing given amounts of credit risk: compensation per unit of
default
risk has fallen by 20% since early 2016.
Last week, Portugal joined Greece and Ireland in seeking an official bailout to avoid a
default
that would undermine Europe’s banking system.
Roberto Shapiro, a former number two in the Clinton-era Department of Commerce and a man close to the Democratic Party, is now co-chairman of the United States Taskforce for Argentina, an alliance of investment funds and institutional creditors who were hit hard by Argentina’s
default
on its international debts.
In contrast to the Clinton era, under Bush the US Treasury Secretary was closer to industry than to banks, and so America’s response to Argentina’s
default
was notably more tolerant than probably would have been true had it occurred during the Clinton administration.
If you want to negotiate a change of tack with your creditors, you are unlikely to succeed if you destroy your own credibility and rant and rave about those whose money you need to avoid
default.
More important, with the clock ticking on
default
(which could come as early as July), the Greek authorities need to persuade their partners through action, not promises.
At the extremes, the eurozone’s debt problems can be solved through bailouts or
default.
Accordingly, interest rates should be used more actively to cushion the adjustment, given that bailouts are unaffordable and
default
is undesirable.
ZURICH – The International Monetary Fund has resurrected an old technique – commonly used in the 1980s during the Latin American debt crisis – that would allow Greece to avoid a payment
default
next month on debt owed to European creditors.
It is a short-term compromise that acknowledges Europe’s political calendar and constraints, helps Greece avoid a summer default, and safeguards the IMF’s resources.
The Limits of DubaiCambridge – Global investors are in a giant huff over Dubai’s decision to allow its flagship private company Dubai World to seek a six-month standstill (implying at least partial default) on payments on some $26 billion in debt.
Indeed, lack of detailed information on the Emirates’ finances was a central reason why the Dubai World
default
came as such a shock.
Massive speculation and borrowing led to excessive debt burdens and ultimately, to
default.
As the Chinese economy slows and
default
risk grows, the value of state guarantees rises, directing capital away from private-sector growth.
At the end of February, for example, German Chancellor Angela Merkel made a spectacle insisting that no bigger financial firewall was needed to protect other eurozone countries from a disorderly Greek
default.
The authorities will not allow the biggest banks to
default
on their debts, through bankruptcy or in any other fashion, owing to the need to prevent the financial system from collapsing.
The MFF could require that unused funds (so-called “de-commitments”) be pooled to create a guarantee fund in case of sovereign
default.
The consequences of a US
default
have rightly been described with growing alarm as the risk increases.
Down with the EurozoneNEW YORK – The eurozone crisis seems to be reaching its climax, with Greece on the verge of
default
and an inglorious exit from the monetary union, and now Italy on the verge of losing market access.
If the peripheral countries remain mired in a deflationary trap of high debt, falling output, weak competitiveness, and structural external deficits, eventually they will be tempted by a third option:
default
and exit from the eurozone.
Unless they abandon asymmetric adjustment (recessionary deflation), which concentrates all of the pain in the periphery, in favor of a more symmetrical approach (austerity and structural reforms on the periphery, combined with eurozone-wide reflation), the monetary union's slow-developing train wreck will accelerate as peripheral countries
default
and exit.
A bank
default
in any one country would no longer trigger a crisis elsewhere, because any losses would stop at the border.
Our
default
reaction, often reinforced by Western philosophical traditions and simplistic political rhetoric, is that evil acts must be the product of fundamentally evil or insane individuals.
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