All that a banking licence would do would be to make it easier for the ESM to borrow up to that limit.
All museums and libraries are free, citizens can borrow up to 200 books by the Internet, while migrant workers can spend their lunch hours reading in the library without charge.
Unlike loans, credit lines are often not backed by collateral and are revolving, meaning that a company can borrow up to a set limit and free up credit by paying off existing debt.
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But when recovery seems more assured, firms will want to borrow to beef up inventories and buy new equipment.
How do you borrow sensibly and draw up a budget, learning to distinguish between what you might 'want' and what you really 'need'?
In principle, the US government could print up or borrow a ton of money, hand it to state governments, and then have all the money used to cut taxes rather than to finance programs.
Some would say that given that the chancellor is able to borrow at maturities of up to 50 years at record low interest rates, he should count his blessings and pocket the billions of pounds of cheap cash from conventional sales.
That forces the countries to borrow more, so forcing up accumulated debt.
Because life-insurance proceeds at death aren't subject to this tax, a taxpayer could buy a policy, borrow from it and settle up at death, avoiding income tax on investment gains within the policy.
To wit: The U.S. and European markets are being propped up by speculators who borrow in yen.
Declining housing prices made it impossible for these individuals to borrow against their homes to make up the difference.
Third, if the bailout loan ranks ahead of existing private-sector loans to the Spanish government, there is a risk that Spain will end up paying more to borrow from conventional commercial sources - which is precisely the opposite of what it wanted.
What many forget is that it was during the Reagan years that we went from being a creditor nation to a debtor nation as President Reagan was required to borrow heavily in order to make up for the income shortfall that resulted from so massive a tax cut.
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They note that customs had to borrow officers from other sections to beef up its patrols.
This channel is bunged up: many households cannot borrow because their homes have fallen in value and because banks are less willing to lend.
In many asset bubbles, prices are pushed up by greedy investors, who borrow heavily to buy.
Joel (Jake) Shapiro's master plan for building a great wine company was to borrow other people's money and pick up distressed vineyards.
But to facilitate the extraordinary demands of war finance, Congress set a statutory debt limit up to which the Treasury could borrow as needed without further authorization.
As the business cycle turns up, companies draw down cash and borrow to finance increasing investment.
Japanese banks borrow at near zero rates locally, and buy up Brazilian bonds internationally.
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In keeping with Price's beg and borrow approach, most of the zombie make-up in the make-up artists' cases was inherited from other movies.
The state government, having cleaned up its chaotic finances, has room to borrow.
The special status of the dollar makes it easier to borrow (a good thing) and easier to run up a huge foreign debt (a bad thing).
Once you have linked to Facebook and Twitter and set up email contacts, you can lend and borrow books, recommend books, and share favorite quotes with your friends.
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Because, remember, raising the debt ceiling is simply a mechanism by which Congress is allowed to borrow the money to pay the bills that it ran up already.
But this very aura of inviolability may be storing up problems, since it means that governments can borrow still more at cheap rates.
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