In principle, a default by Greece or by any other euro-zone country would not threaten the euro any more than default by New York City in 1975, or California today, would mean the end of the dollar.
While a sovereign default in any one of these European countries would not have a lasting or consequential impact on the capital markets as a whole, the real risk here, in my opinion, is the contagion effect that could spread to other larger European economies should the default not be contained to any one or two of the smaller economies.
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Ryan also knows that a default is not up to him, or Congress.
And as you saw with the nail-biting negotiations over the fiscal cliff, with the machinations over whether or not we would entertain default, that's what we've been doing.
The Cryptocat Project has always stated that, with its encrypted instant messaging, it does not protect you against hardware or software keyloggers and that it does not anonymize you by default.
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And we believe, when Senator Cornyn or others say we will not default, period, we will not let that happen.
"To listen to him speak, you would think the whole financial crisis is down to me, " even though, he says, he was a retail banker and not involved in credit default swaps or derivates.
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But, typically, many investors tend default to focusing most on volatility and less (or not at all) on opportunity cost.
This is planning by default, or immobility, in which creative initiatives are not taken, and few professional or architectural values survive.
The plan applies to certain mortgages and to those who are current with their payments, not to those borrowers already in default or facing foreclosure.
Focus is on whether the EU leaders can provide help so that Greece will not technically default on its debt obligations, or whether some level of default will occur with Greece, and will be acknowledged by the EU as going to occur.
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Clearly, they could not allow this to happen, and either default or massive inflation would occur.
But we remain absolutely confident that the United States will not for the first time default on its obligations or risk default on its obligations, that Congress will act appropriately.
The flip side to the preceding paragraph is growth for the sake of growth, growth by default and not by design, growth for the wrong reasons or at the wrong times, and growth in the wrong areas can create corporate ruin.
They seemed not to know that the spectrum it was after, would go to the bondholders and not to Sprint in a CLWR bankruptcy filing or bond default.
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They did not need a pro-cyclical fiscal policy to stave off default or devaluation.
They expect an increase in default rates this year or next, even if the economic conditions for borrowers do not deteriorate much.
But whether Mr da Silva wins or not, many Brazilian bankers privately worry about the prospect of default, as do many outside observers.
Of course, Evernote has screwed with it, so now it won't default to keeping my pictures private (not so good for the clients, or my reputation) and the new layout hides the sharing feature in a stupid drop-down menu.
But if you do not move out or answer the complaint, the judge will enter a default judgment against you for possession of the premises.
Rodenstock did not answer the charges or appear in court, and Koch got a default judgment against him from a Manhattan federal court in May 2010.
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Yet you seem to be kind of almost reverting to default mode by saying he's not going to get into the nitty-gritty or talk about the best way forward.
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Importantly, we believe this strategy would require no immediate use of cash other than the ongoing dividend, and would not pose any maturity, re-financing, balance sheet, or default risk.
In fact, this default is a default and not a success and to the extent it has been modified (lower interest or principal) it cost me and you the taxpayer, money.
So it's a safe bet that the era of American dominance will not be brought to a close by credit default swaps, mark-to-market accounting or (even) Barney Frank.
By default, that would make his venture for profit for purposes of IRS (whether he wants to make money or not) and therefore, taxable.
If Congress is concerned, as it should be, about not showing any indication of allowing a default, then it would be best to act without drama or delay when Congress returns to raise the debt ceiling.
Or, you can read it as saying that Greece will not - must not - be allowed to default in an uncontrolled way, that brings down banks and infects the broader European economy.
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