Resort
in sentence
664 examples of Resort in a sentence
Many Palestinians view violence as a useful tool in the struggle for independence and do not want to destroy the capability to
resort
to arms in the future if Israel reneges on its roadmap commitment to end the occupation.
For the SDR to become a true international currency, in other words, the IMF would have to become more like a global central bank and international lender of last
resort.
With America turning away from its global role of borrower of last resort, the rest of us will need to sharpen our competitive edge to sell in other markets.
The problem is compounded by the fact that, for the last decade, the US and other deficit countries – including the United Kingdom, Spain, Greece, Portugal, Ireland, Iceland, Dubai, and Australia – have been consumers of first and last resort, spending more than their income and running current-account deficits.
Meanwhile, emerging Asian economies – particularly China – together with Japan, Germany, and a few other countries have been the producers of first and last resort, spending less than their income and running current-account surpluses.
And very recently, retired General Mauro Enrique Tello Quinones, one of the most decorated officers in the Mexican army, was abducted, tortured, and killed less than a week after assuming a new position as anti-drug chief in the
resort
city of Cancun.
Moreover, the country’s banking system is supported by its rich neighbor’s demonstrated willingness to act as a lender of last
resort.
If the banks are merely illiquid, the Federal Reserve in Washington is ready to act as a lender of last
resort.
The only constants in all of this are the easy
resort
to violence and the lies that inevitably accompany it.
Clearly, the world’s democracies lack perfect options, given everyone’s eminently reasonable reluctance to
resort
to force.
As a last resort, the government could step in, as it did in the late 1990’s and early 2000’s, to remove NPLs from banks’ balance sheets.
The idea of a “social contract” – which arose during the Enlightenment in orderto address, without
resort
to divine right, the legitimacy of the state’s authority over its citizens – rests on the premise that individuals surrender a certain degree of personal liberty in order to secure peace and prosperity for all.
If the ECB is the eurozone’s lender of last resort, Europe’s leaders agreed, it must have direct knowledge of its potential clients’ balance sheets.
But there is a strong case for allowing the ECB to act as lender of last
resort.
In other words, prohibiting the central bank from acting as lender of last
resort
can push solvent economies into a needless debt crisis, undermining output and employment.
So, instead of being the first place to turn, family and teachers became a last
resort.
Given the difficulty of regaining lost sovereignty and credibility, central banks must keep helicopter drops as a last
resort.
French and German banks have been able to sell their holdings of Greek government bonds, largely to the ECB, which has acted as bond purchaser of last
resort.
When Hu also cancelled the traditional closed-door summer caucus of old Party elders that takes place each year at the beach
resort
of Beidaihe, hopes were raised that political reform might actually burst forth.
As in the past, during and after financial crises and wars, central banks increasingly
resort
to a form of “taxation” that helps liquidate the huge public- and private-debt overhang and eases the burden of servicing that debt.
If other remedies fail in such a situation, secession might be justified as a last resort, even if it imposes heavy costs on the rump state.
For example, economic sanctions, to which Iran is very sensitive, could be tightened, with a commitment not to
resort
to military force facilitating Russian and Chinese approval.
They see him, correctly, as the minister who stripped full-time French workers of hard-won labor rights and who today is the establishment’s last
resort
against Le Pen.
It should consider developing appropriate liquidity instruments to give confidence to emerging market economies that may be affected by a crisis beyond their control, rather than forcing them to build up ever-larger reserves or
resort
to regional arrangements for self-insurance.
War was a last
resort.
Just a few months ago, most Western politicians were convinced that in an interdependent world revisionism is too costly and that despite Putin’s determination to defend Russia’s interests in the post-Soviet space, he would not
resort
to military force to do so.
Later, their mission was expanded to include the role of lender of last
resort.
Likewise, post-deflation Japan could promise never again to
resort
to massive intervention to stop its currency from appreciating.
When the Fed in 2007-2008 entered into swap agreements with 14 central banks, including those of four emerging economies (Brazil, Mexico, Singapore, and South Korea), it de facto acknowledged that it is the world’s lender of last
resort
in dollars.
The Fed’s reluctance to serve as the world’s lender of last resort, or to acknowledge that exchange-rate movements cannot undo its actions abroad, would seem to condemn it to being a parochial and inward-looking institution.
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