When it defaults via inflation, it forces private debtors to default along with it.
If there is a plan it is to play for time, to strengthen Europe's banks and to erect a firewall around Greece if and when it defaults.
The job is even tougher because the documents governing a CDO are vague and contradictory about when the different tranche holders get paid--and how much--if it defaults.
Greece's long-running economic woes have shaken global markets and led to fears the country could crash out of the eurozone single currency if it defaults on its debt.
If the United States government, for the first time, cannot pay its bills, if it defaults, then the consequences for the U.S. economy will be significant and unpredictable.
As for the Connect tab, it now defaults to Interactions, which displays new followers, mentions and retweets.
Recent dismal share performances and record defaults make it undeniable that this aspect of corporate planning has significant deficiencies.
If Italy defaults, it would trigger an even bigger crisis than the landslide traders have been expecting following a Greek default.
Both agree that it will get uglier, but the defaults will be no where near what she says and they dont think it will reignite the financial crisis.
However, more and more market-watchers think that is a price worth paying if it helps avert an avalanche of defaults.
Investors have been concerned that the size of its loan book, which has expanded rapidly in the past two years, opened it to a greater risk of defaults.
Not too long ago, when news pundits and fund managers talked warily about government debt, it was about the potential of defaults in countries like Argentina, Brazil and Mexico.
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The story goes that if Greece defaults on its debt it would have such a devastating effect on the European financial system that an economic recession in Europe would be unavoidable, and would spread globally.
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It usually follows payment delays, debt defaults and a push for courts to force the company into liquidation to pay its debts.
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Still, it didn't change the rising defaults in GE's finance business, its dangerous reliance on commercial paper or the lackluster performance of its industrial operations.
The issues extend to who ultimately is going to carry the loss when a nation such as Greece defaults (I still say it has already) and then leaves the EZ?
Which actually works both ways: the political classes here in Europe seem to think that if a country defaults on its debts then it has, de facto, broken the euro.
Without it, the U.S. defaults on its debt.
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All it will take is one or two defaults to trigger write downs of their LC guarantees which will then be followed by a loud call for transparency into what the banks are really holding.
The report also acknowledges that it ignores possible risks such as disorderly debt defaults and unsustainable use of natural resources.
Then it became the looming threat of widespread European defaults.
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It also will magnify the mortgage delinquencies and defaults, and severely depress the value of existing mortgages and derivatives backed by them In recent quarters, banks have booked profits as they reduced their reserves against potential loan losses, but that process will be dramatically reversed.
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If, like the Donald, you are used to being involved in defaults in the billions, one surmises it would be easy an easy transition to the concept of owing trillions as the United States has now done.
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Given that defaults have been high and recovery rates low, it is surprising that high-yield bonds have earned positive returns so far this year.
If the customer defaults, the pawn broker keeps the item and sells it to satisfy the loan balance.
But it said the bonds' trustee declared a default, which triggered defaults on other debts owed to Chinese lenders and the International Finance Corp.
However, there's no doubt that selling apps is top of mind now for Google -- it's no coincidence that in each category, the Market defaults to showing paid apps on the first tab and free ones the second.
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