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Sovereign in sentence

1399 examples of Sovereign in a sentence

First, countries did not view their sovereign debt as a binding constraint, and instead pursued investment and potential growth.
Nonetheless, the ingredients of an effective strategy to spur economic growth and employment are similar: available balance sheets (sovereign and private) should be used to generate additional demand and boost public investment, even if it results in greater leverage.
The prescient calls from Joseph Stiglitz, Jeffrey Sachs, and many others for a different approach to sovereign debt in general need to be modified to fit the particular characteristics of the eurozone’s crisis.
The Maastricht-compliant part of its members’ sovereign debt would be restructured with longer maturities (equal to the maturity of the ECB bonds) and at the ultra-low interest rates that only the ECB can fetch in international capital markets.
Similarly, with its outright monetary transaction (OMT) program, the European Central Bank has offered to buy peripheral eurozone countries’ sovereign bonds in the secondary market – provided that they sign up to agreed reforms.
It could do so by buying Italian and Spanish bonds in the secondary market with the pre-announced intention of keeping their sovereign interest rates below a certain threshold for a certain time.
It is likely that Draghi’s statement will indeed be followed by ECB purchases of Spanish (and Italian) sovereign bonds.
First, the ECB’s renewed bond purchases must express the clear intention of reducing sovereign interest rates to sustainable levels, which are at least 200 basis points below their July averages.
If these three steps – an ECB bond-buying program to hold down sovereign interest rates, concrete progress on establishing a real economic union, and realistic revision of current adjustment programs – could be achieved as a package, the resources that the ECB would need to use for its bond purchases would drop, because credibility would be restored.
If sovereign wealth funds want to enter and keep capital-starved firms afloat in hopes of a big rebound, they should be allowed to do so.
Southern Europe was experiencing a sell-off of sovereign debt and a massive withdrawal of private capital.
Investors were not worried about default risk on Spanish or Irish sovereign debt, or about Italy’s chronically large sovereign debt.
Despite pleas from the IMF and the OECD, Germany also remains implacably opposed to Eurobonds, which could ease the funding constraints of other eurozone members and bolster the resources of the European Stability Mechanism, which currently does not provide a credible firewall against a run on Spanish or Italian sovereign debt – or on the European banks that hold it.
But orderly debt-reduction mechanisms are not available for sovereign countries and are politically difficult to implement within countries for households, firms, and financial institutions.
Likewise, debt buybacks would be a massive waste of official resources, as the residual value of the debt increases as it is bought, benefiting creditors far more than the sovereign debtor.
But how can debt relief be achieved for the sovereign without imposing massive losses on Greek banks and foreign banks holding Greek bonds?
This is harder to judge than is the solvency of a firm, because a sovereign state possesses the power to tax.
Lenders must suffer losses, so that they price sovereign risk more accurately in the future and make reckless governments pay higher interest rates.
With bonds of “peripheral” eurozone nations continuing to fall in value, the risk of Irish, Greek, and Portuguese sovereign defaults is higher than ever.
Sovereign debt was eventually restructured through the creation of “Brady bonds.”
Putin’s Government in DonbasSTANFORD – In March, the German tabloid Bild published an article based on a secret document that reveals how breakaway areas of eastern Ukraine are “being treated as parts of Russia’s sovereign territory.”
For example, a growth rebound underpins the expectation that the European periphery will not restructure or inflate away its sovereign debt.
If Ethiopia were to recognize Somaliland as sovereign, other African Union countries would likely follow – and so, perhaps, would the United States and EU member states, which increasingly despair of patching Somalia together.
China’s response to the intervention was to feign outrage, describing it as an illegal intrusion into its sovereign waters and a sign of American hypocrisy; the United States cares when China builds artificial islands in the South China Sea, the Chinese argue, but not when Vietnam or the Philippines do the same.
But it was also manifest in junk-bond spreads, sovereign spreads, and many other financial prices.
Evidence of extreme dysfunction in US politics is already plain to see, reaching a low in 2011 during the debt-ceiling showdown (also in August), which cost America its AAA sovereign rating from Standard & Poor’s.
This could be done partly by enlisting sovereign wealth funds and partly by issuing Special Drawing Rights so that rich countries that can finance their own fiscal deficits could cede to poorer countries that cannot.
Second, the Peruvian government won strong support from its citizens, because it never ceded its sovereign right as the country’s sole negotiator, nor did it negotiate in territory outside its borders.
We should never allow extremist groups to be treated as sovereign political bodies beyond the reach of elected governments – in Peru, Colombia, or anywhere else.
Beginning in 2010, an unexpected sovereign debt crisis contributed to and was compounded by serious weaknesses in major banks.
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