The Fitch credit agency has taken away its triple-A rating, a veritable death knell for a bond insurer.

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That bond persevered until John Paul's death in 2005, by which time Ratzinger was dean of the College of Cardinals -- the high-level group that advises the pope and, when called upon, picks a new pontiff.

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Urbina was free on bond and awaiting trial when he allegedly assaulted and bludgeoned to death 22-year Gabriella Torres.

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His next appearance was in 1963 in From Russia With Love, played by Welsh actor Llewelyn, who played the role in every subsequent Bond film, except Live And Let Die, until his death in 1999.

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But no clear contract is offered the unfortunate bonded labourer often winds up working years to repay such loans, and the bond is even often passed on to children after the original labourer's death.

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But in the case of a court-issued death certificate, "the person entitled, a spouse or kid, has to post a refunding bond", before the property is distributed, says Spencer.

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Purchasing by the ECB and a newly minted ESM bank will end the recapitalization death spiral experienced by banks and sovereigns additional purchases in the secondary market by the ECB will effectively cap bond prices due to its ability to print, investors would stop selling sovereign bonds because a floor would be in place all without having to purchase any bonds and mitigating potential crisis.

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