Distressed
in sentence
324 examples of Distressed in a sentence
In the eurozone, euphoria followed the ECB’s decision to provide support with potentially unlimited purchases of
distressed
countries’ bonds.
True, Turkey needs Russian tourists to bolster its
distressed
economy.
The risk premia that financially
distressed
countries must pay remain high and signal continuing risk.
Part of the reason for Swensen’s success is “absolute return,” a term – now widely quoted in the investment community – that he coined for unusual investment strategies involving such things as merger arbitrage and
distressed
securities.
Thus, Germany and the eurozone core have increasingly outsourced official financing of the eurozone’s
distressed
members to the ECB.
In Europe, this has led to several ratings downgrades of the sovereign debt of the most
distressed
countries, accompanied by bouts of contagion spilling over to the euro.
But it is becoming increasingly clear that bringing the debt burden in line with the
distressed
countries’ payment capacities requires, at least in some of them (particularly Greece again), an ordered process of debt restructuring.
All that is required is the same resources that the European Central Bank is squandering today on at-par debt purchases from
distressed
peripheral sovereigns – an effort that does not seem to be impressing the markets.
And it is the ECB’s credibility problem, not that of member states, that is the principal reason for unsustainably high borrowing costs in Italy, Spain, and other
distressed
eurozone countries.
Eurobonds would numb the
distressed
countries’ current pain, but, by failing to treat the underlying disease, they – and the eurozone as a whole – would end up far sicker than before.
At some point, the IMF’s strategy, which should be focused on the
distressed
country’s citizens and its creditors, should depart from that of the eurozone, which is more willing to sacrifice individual countries’ interests for the larger interest of the monetary union.
A kinder, gentler Fund is in no one’s interest, least of all the
distressed
countries and the world’s taxpayers.
As if rescuing the big insurer AIG and prohibiting all short selling of financial stocks was not enough, now US Treasury Secretary Henry Paulson proposes buying up (with taxpayers’ money) the
distressed
assets of the financial sector.
Many more economic agents face serious credit and solvency problems, including millions of households in the US, UK, and the Eurozone with excessive mortgages, hundreds of bankrupt sub-prime mortgage lenders, a growing number of
distressed
homebuilders, many highly leveraged and
distressed
financial institutions, and, increasingly, corporate-sector firms.
So the risk of something equivalent to a bank run for non-bank financial institutions, owing to their short-term liabilities and longer-term and illiquid assets, is rising – as recent runs on some banks (Northern Rock), money market funds, state investment funds,
distressed
hedge funds suggests.
To that end, many
distressed
companies have been forced to clean up their balance sheets under a new bankruptcy code that was adopted in December 2016, and more companies are likely to follow suit this year.
It would be well worth it: a critical mass of €600-700 billion would make macroeconomic stabilization and re-distribution possible when necessary, without the establishment of ad hoc mechanisms or, worse, the publicity and attention surrounding summit after summit called to decide the next package of aid to financially
distressed
countries.
Leaving the eurozone would make it easier for the most
distressed
countries to regain competitiveness.
Not everyone is
distressed
by Turkey’s misfortune.
Worse, the ECB has made an ambiguous promise to share losses with private creditors if a
distressed
sovereign does not eventually repay its debts.
In Europe, the only way that the financially
distressed
countries of the periphery can reduce their debt is to run trade surpluses.
Paulson’s proposal to purchase
distressed
mortgage-related securities poses a classic problem of asymmetric information.
They could be applied more effectively by capitalizing the institutions that are burdened by
distressed
securities directly rather than by relieving them of the
distressed
securities.
What was evident at the World Bank/IMF Spring Meetings was that virtually all policymakers are
distressed
and no one has a complete answer.
But huge damage was done in 2001, when then-Prime Minister John Howard’s government refused to allow the Norwegian freighter MV Tampa, carrying 438 rescued Afghans from a
distressed
fishing vessel, to enter Australian waters.
The partial substitution of national debt with European bonds might reduce the marginal debt-service cost for
distressed
countries while they are being issued.
Until the European Central Bank stepped in last August to become the central bank not just of Germany and France, but also of the
distressed
peripheral countries, the latter were like emerging-market economies that had borrowed in foreign currency and faced abrupt capital outflows.
Last summer, he approved so-called outright monetary transactions (OMTs) in order to acquire an indefinite volume of
distressed
eurozone members’ bonds., which is contributing to the strength of the euro.
We created the instruments needed to assist
distressed
countries, and the ensuing adjustment programs are delivering results.
European Central Bank President Mario Draghi vowed to do “whatever it takes” to save the euro, and quickly institutionalized that pledge by establishing the ECB’s “outright monetary transactions” program to buy
distressed
eurozone members’ sovereign bonds.
Back
Next
Related words
Countries
Which
Would
Their
Banks
Other
Financial
Could
Should
Government
After
While
There
Bonds
Sovereign
Governments
Economies
Without
Having
About