Push researchers looked at all the debts, apart from mortgages, accrued by students at different stages of study around the UK, including some on longer courses such as medicine, and some postgraduates.
The most sweeping intervention of all came from Ireland's government, where concerns about spiking credit-default swap (CDS) spreads, falling share prices and jittery depositors led the finance minister to announce, on September 30th, a blanket guarantee on the deposits and almost all the debts of the country's six biggest banks until September 2010.
However, the Irish Government, in what several (Paul Krugman I seem to recall) have called the single most stupid and exepnsive action of the past decade, declared that the Irish State would guarantee all of the debts of all of the Irish banks.
The one single most stupid decision of the past few years (yes, even more stupid than the Kardashian wedding) was Ireland guaranteeing all of the debts of all of its banks.
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It is currently set at an annual tax of 0.075% on the value of all of the debts of UK banks.
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The only way to assess a country's fiscal condition that is free of this problem is by forming the country's fiscal gap--the present value total of all the official debts and unofficial current and future spending obligations after netting out all the current and future taxes everyone is currently slated to pay.
The company does not have enough money, or was just about to not have enough money, to pay all of the debts it had or was about to incur.
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Catalonia is said to be in difficulty, with the largest debts of all the regional governments: 42bn euros.
It's the same as it ever was: mutualisation of all the eurozone's debts, which in practice means that the mighty German sovereign balance sheet would stand behind the enormous liabilities of the rest of the eurozone.
Mr Blair said that the only thing that would save the single currency now was to have a "grand plan" where Germany was ready to commit its economy fully - "treating the debts of one as the debts of all".
The value of all community government debts when combined with all community government IOUs or bonds is zero for the community.
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Mr Yanagisawa wants to write down all the banks' bad debts by March 2002.
But countries default on their debts all the time (there have been over 800 instances over the centuries, several of them in the past decade).
Many Icelanders hold loans (mortgages, car loans or bank loans) in currencies from countries with low interest rates, so that has made paying off their debts all the more difficult.
Economic Treasury to the Secretary Chloe Smith said it was vital for the government to do all it could to tackle the country's debts.
The Irish government made a surprise unilateral move this week to guarantee all deposits, bonds and debts in the six biggest Irish banks for the next two years.
Britain, again, has an answer: forgive the debts of all poor countries, including Bangladesh and Vietnam, not just those in such a mess they qualify for the current HIPC initiative.
This acts as a bank account from which all the client's bills and debts are managed.
Or to put it another way, the risk of the US not repaying all its debts is supposed to be infinitesimally small.
Also, of course, if you leave the euro, suddenly all debts are denominated in euros, but all income is in relatively less valuable drachmas: you get an instant debt spiral.
When it comes to Microsoft, it is still the net cash king in the world, after all its debts excluded, it still has a huge net cash about 50 billion dollars.
The best option is to build on an idea put forward by Germany's Council of Economic Experts, to mutualise the current debts of all euro-zone economies above 60% of their GDP.
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All of which suggests that the eurozone will continue to expect Greece to honour all its massive debts.
Ultimately, though, all this will spur the resolution of bad debts, and on a much more transparent basis.
After all, if tax debts are discharged the IRS is out of luck.
"The UK has already cancelled all debts owed to it by Haiti and I strongly welcome today's G7 commitment to forgive Haiti's remaining multilateral debt, " he added.
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