Sentences with phrase «hit countries borrowing»

On the contrary, a key role was played with by European Council and by a few member states in a fully intergovernmanental manner, by the Troika — composed by the IMF, the ECB and the European Commission -, and by the ECB which played a crucial role in avoiding the rise of crisis - hit countries borrowing cost, but without any democratic mandate.

Not exact matches

And in October or November, according to the latest estimates by the Congressional Budget Office (CBO), the government will once again hit its self - imposed debt ceiling, a legislated limit on how much the country can borrow.

In recent months, the country hit record highs as consumers borrowed more than ever before.