Sentences with phrase «disorderly default»

There aren't a lot of ways to break out of this status quo; you could have some sort of surprise disorderly default from a periphery economy, but no one really wants that outcome (though I'm starting to think it might be better than continuing down the current path).

And Greece appears to be closer to a deal with its creditors to pare back its debt obligations rather than a disorderly default that could plunge the financial system back into chaos.

The idea horrified other EU nations, Greece's creditors and financial markets as investors worried over the prospect that Greece could be forced into a disorderly default.

«A disorderly default would not only have led to a collapse of the banking system and a disappearance of all deposits, but it would force you to print a currency which would be drastically devalued because there is no reserve to support it,» he said.