Default
in sentence
1154 examples of Default in a sentence
In an emergency situation, it is difficult to imagine that Germany will not prefer approval to the disaster of an Italian or Spanish
default.
Identifying and addressing problems when intervention is not urgently needed is much easier than working them out under the threat of a pending sovereign
default.
He does not want to go down in history as the prime minister who had to surrender Italy’s sovereignty to save the country from
default.
The Battle of the BondsLONDON – Everyone knows that Greece will
default
on its external debt.
Mortgage lenders seem to have believed that home buyers would not default, because rising prices would make keeping up with their payments very attractive.
External help is the best solution to boost market confidence and save the indebted countries from depression and
default.
Moreover, the member state’s liability to the ECB would enjoy super-seniority status and be insured by the European Stability Mechanism against the risk of a hard
default.
Many other central banks are nervously watching the situation, well aware that they may soon find themselves in the same position as the global economy continues to soften and
default
rates on all manner of debt continue to rise.
Investors were not worried about
default
risk on Spanish or Irish sovereign debt, or about Italy’s chronically large sovereign debt.
Consider Uruguay, whose rating was downgraded to “selective default” for two weeks while the exchange was occurring, and then was upgraded (though not to investment grade) when, thanks to the exchange’s success, its public debt became more sustainable.
The third question is whether a Greek
default
would be a financial catastrophe – and when it should take place.
By refusing a planned and orderly restructuring, the eurozone is exposing itself to the risk of a messy
default.
Patrick Honohan, the governor of Ireland’s central bank, has labeled the interest rates on Irish government bonds “ridiculous” (meaning ridiculously high), and IMF researchers argue that
default
in Ireland and Greece is “unnecessary, undesirable, and unlikely.”
This is disconcertingly reminiscent of the spring – when Jean-Claude Trichet, the ECB president, lashed out at a skeptical bond market and declared a Greek
default
unfathomable.
But markets today think there is a 50% chance that Greece will
default
within the next five years – and a 25% chance that Ireland will do so.
Either banks need to
default
on their senior obligations, or the government will need to
default
alongside the banks.
They believe that – as in the past – the fiscal showdown will end with a midnight compromise that avoids both
default
and a government shutdown.
While it was necessary to price risk more accurately, it is difficult to believe that the Netherlands, with a debt ratio nearly 20 percentage points lower than Germany’s, deserves to be assessed as a higher
default
risk.
Claims on entities within partner countries would be redenominated in weaker currencies – or the borrowers would
default
on them.
Ring-fencing became national supervisors’
default
option, and monetary conditions became re-segmented along national lines.
Periphery countries would be forced to pay a significant premium to compensate investors for assuming a redenomination (partial default) risk.
Had Greece not been a member of the eurozone, its best option would have been to default, restructure its debt, and depreciate its currency.
“Governments of advanced countries don’t default?”
Default
in some euro countries or political dysfunction in the US is a much more likely trigger.
CAMBRIDGE – Will Venezuela
default
on its foreign bonds?
The extra $2 billion that it will have to pay in ten years is the compensation that investors demand for the likelihood of default, in excess of the already hefty coupon.
Severe shortages of life-saving drugs in Venezuela are the result of the government’s
default
on a $3.5 billion bill for pharmaceutical imports.
In the automobile sector, the
default
exceeds $3 billion, leading to a collapse in transport services as a result of a lack of spare parts.
But the government has opted to
default
on these obligations, too, leaving importers with a lot of useless local currency.
This constitutes a
default
on Venezuelans’ most basic freedoms, which Bolivia, Ecuador, and Nicaragua – three ideologically kindred countries that have a single exchange rate and single-digit inflation – have managed to preserve.
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