Sentences with phrase «foreign bondholders»

If there is no money to pay, foreign bondholders will suffer — as long as Greece puts its own economy first.

The money is being provided by other governments (mainly the German Treasury, cutting back its domestic spending) into a kind of escrow account for the Greek government to pay foreign bondholders who bought up these securities at plunging prices over the past few weeks.

IMF loans are made mainly to enable governments to pay foreign bondholders and bankers, not spend on social programs or domestic economic recovery.

The number one punch against the Ukraine by the IMF was to impose austerity on the pretense (its junk economics) that Ukraine could pay its foreign bondholders with income taxed out of its domestic economy.

To address the many defaults in U.S. states and elsewhere around the world, Great Britain created the Corporation of Foreign Bondholders to represent the interests of these investors.

Not exact matches

According to Griesa (uniquely), this means that if any creditor or vulture fund refuses to participate in a debt writedown, no such agreement can be reached and the sovereign government can not pay any bondholders anywhere in the world, regardless of what foreign jurisdiction the bonds were issued under.

On Wednesday, July 30th, S&P cut the credit rating on Argentina's foreign currency bonds to «selective default» after they failed to reach a deal with holdout bondholders from their last default in 2001.

That said, it is true that the bondholders of major banks include pension funds, insurance companies, mutual funds, foreign investors and other holders that would be adversely affected by a writedown in bond values.

Buchheit and Gulati's proposal for solving the crisis is centered on the idea that Greece needs to ensure voluntary bondholder participation in the country's restructuring by stressing to the bondholders that more than 90 percent of the country's foreign debt is governed by Greek law.

«As such, we are concerned that a cryptocurrency could provide Maduro a mechanism by which to make payments to foreign lenders and bondholders in the United States, actions that would clearly thwart the intent of U.S. - imposed sanctions.»