Sovereign
in sentence
1399 examples of Sovereign in a sentence
These issues are at the heart of developing a European sovereign, backed by democratic institutions and decision-making processes that enable the common use of force.
This is the kind of civilizational choice that
sovereign
countries are entitled to make for themselves.
But, given that the largest enterprises are either state-owned or local-government entities, their debts are essentially domestic
sovereign
obligations.
Had the former Yugoslavia been a NATO member, this would not necessarily have prevented the disintegration of the country into several
sovereign
republics.
These include the standoff between India and Pakistan over Kashmir; the confrontation between North and South Korea; the tumultuous relationship between China and Taiwan; and China’s claims on the
sovereign
territory of Japan and India, in addition to that of the Philippines and Vietnam.
This “Northern” view starts from the premise that member states remain
sovereign
units, and that it is possible that a member country does not implement a necessary economic-adjustment program.
The eurozone cannot stabilize in political and economic terms without a solid framework for crisis resolution and an ability to deal with
sovereign
default by a member state.
Furthermore, Japan should take the
sovereign
act of designating the Senkaku Islands as an international maritime preserve free of habitation or military use.
Indeed, the European Central Bank is dithering about how much to expand its balance sheet with purchases of
sovereign
bonds, while the Bank of Japan only now decided to increase its rate of quantitative easing, given evidence that this year’s consumption-tax increase is impeding growth and that next year’s planned tax increase will weaken it further.
The European Union has an additional problem: in response to the
sovereign
crisis, most of its members agreed in 2011 to a “fiscal compact” requiring them to keep their structural budget deficit – the one they would record were output equal to potential – below 0.5% of GDP.
Before the recent Italian election, financial markets showed signs of optimism, encouraged by the European Central Bank’s policy of guaranteeing eurozone members’
sovereign
debt, expanding its balance sheet, and lowering interest rates.
Sovereign
borrowing is also expected to decline, in stark contrast to last year’s record-high bond issuance.
But Saudi Arabia is not pursuing Saudi Aramco’s partial privatization to move money from one
sovereign
pocket to another; it needs to raise fresh capital to finance its spending needs.
Pending resolution of these competing claims, it is also appropriate, in the course of asserting the right to freedom of navigation, that the US and others treat as a de facto
sovereign
exclusion zone a 12-mile perimeter around such islands.
Since the 1648 Peace of Westphalia, European states, with some notable exceptions, have understood the basic rules of the diplomatic game; moreover, they have had considerable success exporting Westphalian concepts – particularly that of
sovereign
equality under international law – to many other parts of the globe.
Though potential sources for climate-friendly development financing now include pension funds, insurance companies, foundations, and
sovereign
wealth funds, what is often missing are mechanisms to ensure that investments are channeled into well-targeted and effective projects.
In most European countries, gross
sovereign
debt exceeds the threshold (60% of GDP) established by the Stability and Growth Pact.
In the UK, the
sovereign
is not only head of state but also head of the church.
Removing national governments’ ability to run large deficits and borrow at will is the necessary counterpart to a joint guarantee of
sovereign
debts and easy borrowing terms today.
When
sovereign
states have their own currencies, citizens are willing to see their tax money go to the weakest regions.
There are three fundamental factors that determine the evolution of a country’s
sovereign
debt: its rate of economic growth; its borrowing costs; and its primary budget position (the budget balance net of interest payments).
Italy is now paying 7% interest annually on its
sovereign
debt, while its economy is growing at only 1%.
His own good, either physical or moral, is not sufficient warrant....Over himself, over his own body and mind, the individual is
sovereign.
While an agreement has been reached (2013 has been set as the year to reduce budget deficits by half; 2016 to stabilize
sovereign
debt), consensus is not headed in the right direction.
Two years into the crisis, the authorities have correctly identified four crucial problems –
sovereign
debt, bank capital, the risk of a Greek default, and deficient growth.
While leverage normally becomes scarce and expensive during recessions, this time declining confidence in
sovereign
debt also has increased the cost of capital.
Just as business and credit cycles there tend to be more frequent and extreme, the real possibility of de facto currency crises in the eurozone, owing to higher
sovereign
borrowing costs and slow adjustment to shocks under fixed exchange rates, renders massive balance sheets unsupportable and thus obsolete.
Higher capital ratios are required today and, absent a credible
sovereign
safety net, in the future.
With the
sovereign
ground quaking, reinforcing a 100-story skyscraper of leverage with an additional floor or two of concrete will not bring back wary tenants.
Unless confidence in
sovereign
debt within the eurozone can be restored, Europe’s banking skyscrapers will need to be cut in half.
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