an Iceland and Latvia
pay the foreign debts run up by a fairly narrow layer of their population?
Financial Times an Iceland and Latvia
pay the foreign debts run up by a fairly narrow layer of their population?
Toward debtor countries American diplomats work through the World Bank and IMF to demand that debtors raise their interest rates and impose taxes and austerity programs to keep their wages low, sell off their public domain to
pay their foreign debts, and deregulate their economy so as to enable foreign investors to privatize local electricity, telephone services and other infrastructure formerly provided at subsidized rates to help these economies grow.
One obvious reason is that if a country is at war, especially a civil war that's bombing its export sector as Ukraine is doing, how can it obtain the foreign exchange to
pay its foreign debt?
The company is one of the public services that were swiftly privatized in recent years, supposedly to help
pay the foreign debt (though the debt is now larger than ever).
Not exact matches
Capital outflows lead to a weaker currency, which concerns the hordes of Chinese companies that borrowed
debt in
foreign currencies over the past few years and now have to
pay it back with a weaker yuan.
A reserve currency is a
foreign currency held by central banks and other major financial institutions as a means to
pay off international
debt obligations.
Michael you dedicated almost three chapters in your book «Killing the Host» to how the IMF economists actually knew that Greece will not be able to
pay back its
foreign debt, but yet it went ahead and made these huge loans to Greece.
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.
This means that countries that owe
foreign debt, that's almost all denominated in dollars, especially to the International Monetary Fund or the World Bank, they're going to have to
pay much more money in higher - priced dollars for their own currency.
Sovereign
debt securities are subject to various risks in addition to those relating to
debt securities and
foreign securities generally, including, but not limited to, the risk that a governmental entity may be unwilling or unable to
pay interest and repay principal on its sovereign
debt.
Germany attempted to print paper notes, buy
foreign currency with them, and use that to
pay their
debts.
But in the 1920s the Allies imposed an unpayably high reparations burden on Germany — largely to obtain the
foreign exchange to
pay the Inter-Ally arms
debts that the U.S. Government insisted on collecting, rather than forgiving these
debts as allies traditionally had done among themselves upon achieving victory.
How can U.S. labor compete with
foreign labor when employees and their employers are obliged to
pay such high mortgage
debt for its housing, such high student
debt for its education, such high medical insurance and Social Security (FICA withholding), such high credit - card
debt — all this even before spending on goods and services?
The more dependent Russia becomes on
foreign money and
foreign bank credit, the more it needs to divert its ruble - money to
pay debt service.
And every country has the right not to
pay debts that are unpayable, except by bankrupting the country, and having to sell off their countries to
foreign countries.
The ruble's exchange rate has fallen as more rubles are thrown onto currency markets to obtain the dollars needed to
pay interest and
debt service on
foreign loans (and to sustain capital flight in the absence of controls).
Banks «earned their way out of
debt» by lending to global speculators who used the yen loans to convert into
foreign currency and buy higher - yielding assets abroad — capped by Icelandic government bonds
paying 15 %, and pocketing the arbitrage difference.
The money is dissipated to subsidize capital flight or to
pay Russia's mounting
foreign debt.
Despite its technical staff ruling in 2010 - 11 that Greece's
foreign debts could not be
paid and hence needed to be written off, its heads — first Dominique Strauss - Kahn and then Lagarde — acted in blatant conflict of interest to support the French bankers demands for payment in full, and U.S. demands by President Obama and Wall Street lobbyist Tim Geithner to insist there be no writedown at all.
It is an inflow of
foreign money, skilled labor and imported goods that are
paid for only with paper dollar -
debts.
This would block the government from
paying foreign bankers and the vulture funds that have been buying up Greek
debt at a deepening discount.
Less growth in dollar liquidity ahead may cause a scramble among
foreign entities with dollar denominated
debt to obtain dollars in the short term to
pay it back.
Any club in
debt that spends more than 5.9 million euros on a
foreign player - or 2.6 million euros on a domestic player - would have to
pay the same amount to a government - run football development foundation under the control of the CFA.
The News Agency of Nigeria reported that Clark made this known when the Chairman, Senate Committee on Local and
Foreign Debt, Senator Shehu Sani,
paid him a courtesy visit in his Abuja residence on Monday.
«Oil sold for less during Obasanjo's regime, yet he got part of our
foreign debt waived,
paid off the remaining and left a huge
foreign reserve.»
The Libertarian US Senate hopeful goes on to detail her intention to support legislation that severs the ties between government and special interests, brings our troops home from
foreign lands, ends
foreign aid, and
pays down the national
debt.
If this campaign is not to become the most depressing in modern times the central issues, apart from sovereign
debt, should be these: urgent reform of the City; the need to build a more balanced economy; youth unemployment; poverty in an era of spending cuts and
pay freezes; electoral reform and a new constitutional settlement; the European Union and Britain's place within it; withdrawal from Afghanistan and a multilateral
foreign policy.
List and describe miscellaneous
debt, including money you owe to
foreign governments, money borrowed from private parties without formal documentation, and any money you expect to
pay for legal proceedings.
Currently the fund's principal investment strategy has it investing in «dividend -
paying common stocks, preferred stocks, convertible securities and
debt obligations of
foreign companies.»
The Student Loans Company also admitted that roughly 80,000 former
foreign students have left the UK without
paying back a total of # 1.2 billion in student loan
debt.
A couple of weeks ago, the Student Loans Company admitted that nearly 80,000 former
foreign student borrowers have left the UK without
paying back a total of # 1.3 billion in student
debt.
These investments are subject to the risk that a governmental entity may delay or refuse to
pay interest or repay principal on its sovereign
debt, due, for example, to cash flow problems, insufficient
foreign currency reserves, political considerations, the relative size of the governmental entity's
debt position in relation to the economy or the failure to put in place economic reforms required by the International Monetary Fund or other multilateral agencies.
In the report, the Student Loans Company admitted that nearly 80,000 former
foreign students who studied in the UK have left the country without
paying back their student loan
debt.
The Student Loans Company (SLC) admitted that nearly 80,000 former
foreign student borrowers have left the United Kingdom (UK) without
paying back a total of # 1.2 billion in student loan
debt, according to a UK news outlet.
State - controlled oil producer OAO Rosneft said it has
paid back $ 7 billion of a bridge loan it had taken to acquire TNK - BP, the largest
foreign debt repayment by a Russian company since Western sanctions were imposed.
A Canadian
debt security issued in Canada but
pays interest and principle in a
foreign currency is known as a
foreign pay bond.
As more
foreign issuers access the Canadian
debt markets, domestic Canadian bond issuers will
pay more for their financings.
Sovereign
debt securities are subject to various risks in addition to those relating to
debt securities and
foreign securities generally, including, but not limited to, the risk that a government entity may be unwilling or unable to
pay interest and repay principal on its sovereign
debt, or otherwise meet its obligations when due.
We sold everything,
paid off all
debt and established enough savings to sail our ship around the world while sharing our experiences with the world... Unlike some who use Patreon and such to charge people to subscribe to their content, we opted to give it away for frer... I am disabled but completely capable of taking care of our business when it comes to boat maintenance, sailing our ship and navigating
foreign countries.
We expect, given the finding that Retail taxes produce less of a drag on the economy than Income taxes that if a government decides it must raise new taxes (perish the thought), then it ought by the Precautionary Principle do so by reducing the Income Tax rate so low as possible and raising the Retail Tax rate to meet the needs of the state — for instance to
pay off
debt accumulated by fighting
foreign wars.