Sentences with phrase «nation debt default»
And «when people talk about a possible European nation debt default, we're talking about something that could happen within 12 to 18 months fairly easily.»
http://www.canadianbusiness.com/ Not exact matches
Military rule will certainly not improve the nation's 8 % - of - GDP budget hole or its 72 % - of - GDP debt load, which is already well beyond the point that pushed Argentina to default on its international debt obligations back in 2001.
Washington and the nation are staring down an Aug. 2 deadline to raise the debt limit or face national default.
His aides have made clear they believe the U.S. public would blame Republicans - not Obama - if the nation is forced into a debt default that he has said would be «catastrophic» for the world economy.
«There are only two options to deal with the debt limit: Congress can pay its bills or they can fail to act and put the nation into default,» said Press Secretary Jay Carney.
The nation may need another $ 15 billion, according to the European Union, and Standard & Poor's said a debt default may be inevitable as it cut Ukraine's credit rating to CCC - last week, nine steps below investment grade.
China's one - year sovereign bond yield has climbed 14 basis points since the devaluation, while the cost to insure the nation's debt against default jumped to a two - year high.
When debt issues with Greece first surfaced, Gundlach said it took him «about 12 seconds» to realize that the nation was facing default.
The deal marks a major milestone for Argentina and its new president, Mauricio Macri, restructuring the lion's share of the debt remaining from the default and freeing up the nation to tap international markets for much - needed financing as its commodities - rich economy falters.
Mohamed El - Erian, the chief economist at the investment firm Pimco, said he believed lawmakers would reach an agreement to raise the debt ceiling and avert a default on the country's debt, but that the nation's rating would remain vulnerable.
That could set up another showdown like those that took place in 2011 and 2013 — when lawmakers brought the government to the brink of defaulting on U.S. debt, leading Standard & Poor's to downgrade the nation's credit rating for the first time.
Moody's Investors Service announced it would review «for possible downgrade» the credit ratings of five states, including Maryland, that could be hit particularly hard if Congress fails to raise the nation's debt limit by the Aug. 2 deadline and defaults on its financial obligations.
Since December 1, 2011 the European Parliament has banned naked Credit default swap (CDS) on the debt for sovereign nations.
For all you know from that data, the dips in «approval» are 100 % related to our allies being PO'd over the fact that US is in a total standstill and harming the global economy on a regular basis because of the GOP / Teatrolls» temper tantrums, shutdown threats and threats to default on the nation's debts.
A similar agreement was reached eight years later with the Paris Club of creditor nations (the last remaining Argentine debt still in default besides bonds held by holdouts) on debt repayment totaling $ 9 billion including penalties and interest.
After all, it doesn't cost the ECB anything to absorb those debts, but it indirectly spreads the risk to the euro - core nations if there is ever a default or unfavorable restructuring.
@joshuademasi Nations with their own currencies don't have to default on debts.
Imagine a world where many developed nations default on their debts.
The lender can hand the bad debt to a collection agency, and the default can be reported to the nation's three large credit bureaus.
Default happens when a nation gives up; they conclude that there is no way that they can pay off the debts incurred.
Some say that so long as a primary dealer can «repo previously issued govt bonds at the central bank to gain reserves to purchase the new issue bonds at a Treasury auction, that nation can never default, no matter what the level of debt to GDP ratio is....»
Major nations have often defaulted on their debts.
The Greek parliament has voted narrowly in favour of a package of austerity measures aimed at preventing the nation from defaulting on its debts.
Regardless of the concerns, many are expecting that South Africa may be able to avoid receiving a fourth credit score downgrade at less than a calendar year due to a decline in the cost of insuring the nation's sovereign debt against default utilizing credit - default swaps.