Spreads on ten-year government bonds over German Bunds a measure of the perceived risk that Greece may default on debt repayments edged upwards.
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Worries about default on debt payments by Greece and rising Italian bond yields are the EU debt crisis worries of the moment on this day.
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However emotionally satisfying, forcing banks to default on debt would cause the type of liquidity runs and market dislocation that brought chaos after the collapse of Lehman Brothers last year.
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We offered three choices: 44% believed the government cuts inessential services in order not to default on debt, 28% said essential services would be cut and only 18% thought the government would default on its debt, and endanger the world economy.
Now that Washington has passed legislation to raise the debt ceiling, avoid a default on US debt obligations, the market is focusing again on the economy and whether or not a credit downgrade is on the horizon.
Fortunately, even if Congress doesn't raise the debt ceiling, a default on our debt need not follow when our borrowings reach their limit in the next few months.
The Senate and House are expected to vote today on a throw together strategy to avoid a default on the debt ceiling ( more on what the debt ceiling is here).
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Failing to raise the debt ceiling could cause the government to default on its debt.
Contrary to the scare tactics of big-government acolytes who insist the sky will fall if the federal government cannot add more to the national debt, there is absolutely no reason to default on the debt if the debt limit is not raised.
Only by summer of 2011 did the Eurozone admit that a default on Greek debt was required but, by the time the default was implemented in early 2012, Greece now had a mountain of official sector debt.
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For months, some political leaders and commentators have argued that failure to raise the debt ceiling would necessarily cause the U.S. to default on its debt.
This requirement would ensure that there is broad support in Congress for increasing debt as a share of the economy without its decision being held hostage to default on the debt or Social Security.
In his pitch for abandoning the debt ceiling, President Obama incorrectly asserts that failing to lift it would result in a default on our debt.
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The notion that the U.S. is going to default on its debt is just irresponsible.
The vote basically pushes off a potential default on our debt and allows us to borrow.
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The likelihood of default on this debt is microscopic, which makes them a very stable investment.
He has yet to specify whether he will default on the debt, or seek a voluntary restructuring.
Before the crisis investors assumed no euro-zone government would default on its debt.
The U.S. would not default on its debt unless the Obama administration made a positive decision to do so.
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Investors cheered news that Greece would avoid a near-term default on its debt.
Greece would default on its debt and adopt its own currency with its government spending and revenue roughly in line.
Delayed payments may hurt pensioners and cause political damage, but a default on Treasury debt would unleash global financial chaos.
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There is now increasing talk in the market place that Greece will default on its debt sooner rather than later.
On Jan. 14, President Obama said during a long press conference that the U.S. would not default on its debt.
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There's a risk that drugstore chain Rite Aid, which accounted for 13% of McKesson's revenue last year, may default on its debt.
If Rite Aid didn't report, the company would be in technical default on its debt unless it could get waivers from lenders.
Furthermore, it is, as argued by Alan Greenspan recently, absolutely impossible for the US to be forced to default on their debt.
Further, an ultimate default on Greek debt has been deemed inevitable by many market professionals for over a year, despite multiple bailouts.
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And barring a catastrophe, like a forced default on US debt, in another year or so we should be back, big time.
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While the market is not pricing in a default on US debt obligations, it is definitely pricing in the likelihood of a downgrade.
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