Pledge
in sentence
488 examples of Pledge in a sentence
That is why European Central Bank President Mario Draghi’s
pledge
to do “whatever it takes” to save the euro immediately brought the eurozone’s debt crisis to a halt.
Until that point, America’s
pledge
to maintain the gold standard was the basis for the global fixed-exchange-rate system, which was the heart of the Bretton Woods framework.
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.
He cannot lose any time in fulfilling that
pledge.
Despite US President Barack Obama’s
pledge
in September 2014 to “degrade and ultimately destroy” ISIS, the US and its allies, including Saudi Arabia, Turkey, and Israel (behind the scenes), have been focusing instead on toppling Syria’s Bashar al-Assad.
(A
pledge
that NATO will not offer admission to Ukraine or escalate missile defenses in Eastern Europe would also help.)
The goal should be to shift from a fixed-price system, with occasional government-decreed adjustments, to a market-based price regime, in which the government makes a credible
pledge
not to limit prices, with the exception of pre-defined extreme circumstances.
Are his patriotic credentials strong enough for him to renege on this
pledge
and pursue negotiations to withdraw without capturing the talismanic Osama?
Last week’s Oslo Summit on Education for Development confirmed the growing consensus within the global education community about what must be done to honor that
pledge.
In 1975, New York had to
pledge
its future tax revenues to its creditors in order to remain solvent.
But the EU’s member states would be missing an opportunity if they did not
pledge
to use a part of the profits from the agreement to increase their defense budgets, thus mitigating the steep imbalance in military contributions and capabilities that currently exists between Europe and the US.
The World Bank’s
pledge
to end financial support for upstream oil and gas is a step in the right direction, but it should be expanded and become the norm for all MDBs.
They have betrayed that
pledge
with nary a political consequence to themselves.
After all, if one fundamental
pledge
can be broken for reasons of political expedience, why not another?
According to the latest polls, Renzi could be forced to make good on his pledge, which might spell the end of reformist social democracy in Italy – and beyond.
So a final element of the package ought to be a monitored
pledge
by eurozone banks that they will not unload bonds as the official sector steps in; that they will raise capital over time instead of continuing to deleverage (if this hurts bank equity holders, they should think of this as burden sharing); and that they will be circumspect about banker bonuses until economies start growing strongly again.
Had they kept that pledge, the sacrifices of India’s WWI soldiers might have been seen in their homeland as a contribution to India’s freedom.
Soon after, US President Donald Trump, in his inaugural address, effectively made the opposite pledge: using the word “protect” seven times, he confirmed that his “America first” doctrine means protectionism.
Now, however, it may try to stop the European Central Bank’s so-called outright monetary transactions (OMT) program (the ECB’s
pledge
to buy, without limit, the government bonds of troubled eurozone countries that subject themselves to the ESM’s conditions).
Moreover, not forbidding indirect purchases should be seen primarily as a means of permitting banks that buy government bonds to
pledge
them as collateral for refinancing operations, while bearing the full investment risk.
European Central Bank President Mario Draghi’s
pledge
to do “whatever it takes” to prevent the euro from disintegrating reassured markets so effectively because investors’ fear was largely based, to paraphrase US President Franklin D. Roosevelt, on “fear itself.”
In a recent speech to the French defense industry, Sarkozy conspicuously failed to repeat the pledge, instead warning that he soon might cut France’s defense budget.
Foundations are likely to
pledge
their own funds to this initiative.
He offered no
pledge
to cut emissions in the United States, and, with vote-sapping battles already underway over health-care reform, one wonders how much time and energy Obama will have for environmental imperatives.
Governments would also be expected to allocate adequate domestic funds to achieve these goals, with, for example, African heads of state fulfilling the 2001 Abuja Declaration’s
pledge
to allocate at least 15% of national budgets to the health sector.
The United Kingdom recently made a strong pledge, and the world now awaits the announcements of Germany, Canada, Australia, Japan, and other long-standing and new donor countries in Europe, the Middle East, and Asia.
Hollande’s daring
pledge
of €30 billion ($40.6 billion) in tax cuts to boost the economy has been hijacked, at least in part, by revelations about his private life.
More important, Trump has been moving away from his tough anti-immigration stance, such as his
pledge
to establish a special “deportation force” to round up all 11 million undocumented immigrants in the US.
While progress has been made, it appears several countries are falling behind on this
pledge.
For starters, governments should take the equivalent of the Hippocratic oath and
pledge
to do no active harm to the planet.
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