Default
in sentence
1154 examples of Default in a sentence
The package may or may not prevent Spain and Portugal from becoming undone in a similar fashion, or indeed even head off an eventual Greek
default.
If Greece chooses default, they cannot enforce their banks’ claims on Greek borrowers or seize Greek assets.
Nobody wanted to be last one in these countries, because they knew that the countries would be forced into
default
when all other banks tried to leave at the same time.
These stealth political networks became virtually impenetrable, with many officials, by default, becoming the central government’s rivals, fiercely defending their economic interests by safeguarding their official posts and perquisites.
Russia’s Prime Minister Vladimir Putin and Argentina’s President Christina Kirchner liked to think that their versions of a controlled economy and society built in the aftermath of
default
on foreign debt offered a more viable alternative to cosmopolitan international capitalism.
As Bernanke pointed out, 45% of US farms were behind on mortgage payments in 1933, and in 1934,
default
rates on home mortgages exceeded 38% in half of US cities.
Second, non-alignment will become the
default
foreign policy.
Few people foresaw the subprime crisis of 2008, the risk of
default
in the eurozone, or the current turbulence in financial markets worldwide.
Assessments of risk such as sovereign interest-rate spreads and credit
default
swaps react (and often over-react) fast; but, because they reflect only the market’s understanding of risk, they are not a systematic mechanism for uncovering hidden risks and avoiding crises.
Of course, not every downgrade is followed by a default; but the direction is hardly encouraging, especially given the pace of deterioration.
It also published a list of Web sites that the Australian government proposed blocking, the extreme-right British National Party’s membership roll, an analysis of a major Icelandic bank’s
default
risk, and video footage of a US helicopter attack in Baghdad that killed 12 people, including a Reuters journalist and photographer.
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.
Between 2010 and 2012, the center-left PASOK was in government, doing whatever it took to preserve Greece’s membership of the euro and ward off formal
default.
Following its debt
default
in 2002, Argentina successfully implemented a similar program.
In the US, union failure to represent members’ interests adequately contributed to a major pension
default
at the Studebaker Corporation in 1963.
UMNO’s call for “Malay unity” rendered all Malay-based opposition parties illegitimate by default, and PAS responded with a powerful narrative of Muslim nationalism.
When it is two men or two women figuring out how to provide an income for their family and to turn that income into the food, shelter, clothing, nurture, education, discipline, and moral support needed to raise children, they cannot rely on societally imposed
default
roles.
Perhaps the least bad solution would be to proceed by default: gradually allow the drug war to vanish from television screens and newspapers, and have its place taken by other wars: on poverty, on petty crime, and for economic growth.
As government deficits and public debt increase in many developed and emerging economies, financial markets will most likely demand higher risk premia, owing to heightened fears of
default
and inflation down the road.
And, given that President Barack Obama would ultimately be held responsible for a default, he needed the deal more than the Republicans did.
The problem is that, in a low-growth environment, the probability of some form of
default
rises considerably.
But what if investors lose confidence in the US government’s ability or willingness to tackle its long-term debt problem and begin to fear a
default
(either explicit or through rapid inflation)?
But the
default
option in the context of political gridlock – a halting, slow-growth strategy, focused excessively on fiscal austerity and featuring high unemployment (especially for the young) – is unlikely to remain workable for long.
Unlike in 2013, the strategy of Ryan and his allies this time around is unlikely to include a threat to
default
directly on federal government debt.
Because Spain and France defaulted so much in the early modern period, and because Greece, from the moment of its political birth in 1830, was a chronic or serial defaulter, some assume that national temperament somehow imbues countries with a proclivity to
default.
In the 1930’s, during and after the Great Depression, a strong feeling that the creditors were illegitimate and unethical bloodsuckers accompanied widespread
default.
Even US President Franklin Roosevelt jovially slapped his thigh when Reichsbank President Hjalmar Schacht told him that Nazi Germany would
default
on its external loans, including those owed to American banks, exclaiming, “Serves the Wall Street bankers right!”
After all, because SOEs and LGFVs are implicitly guaranteed by central or local governments, they are highly unlikely to
default.
The talent for financial innovation that produced harmful new home-mortgage options before the crash should now be harnessed to develop more flexible mortgages that help borrowers avoid
default.
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