As many have remarked, the inflow of relief to Honduras and Nicaragua, in all forms combined, will not begin to match their yearly payments to creditors abroad.
But on September 7th came a bleak announcement: Moulinex-Brandt had suspended payments to creditors and been placed under six months' court protection while a buyer is sought.
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Operations including its Outright Monetary Transactions (OMTs) and the Long-Term Refinancing Operations (LTROs) helped bring down yields on eurozone sovereign bonds, making it less expensive for governments to borrow on international markets and pay off their interest payments to creditors.
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The question then becomes: will US politicians really be willing to take the political heat that would emerge from prioritizing interest payments to foreign creditors over payments to American voters?
Moreover, the U.S. government abrogated private commercial contracts containing the so-called gold clause, which allowed creditors to receive payments in either dollars or gold.
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The idea for such GOP conservatives is that it's more important to make sure the government doesn't default on the "sovereign debt" owed to creditors than make payments on other obligations.
The legislation aims to prevent creditors from pursuing debt payments from the poorest countries beyond a "sustainable" level.
He did not make any payments to the IRS to reduce his tax liability and continued to deal in cash to avoid having creditors attach his bank accounts.
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Government pay and benefits will flow unabated, and our creditors will continue to get their interest payments now.
Pomerantz said in court documents that the Dreier firm's creditors, attorneys and clients are demanding payments and attempting to seize property.
Russia has fallen behind on almost all payments since August, and it now breezily assumes that creditors will eventually agree to another restructuring.
Thanks to the Consumer Credit Counselling Service his creditors are currently kept at bay with very small payments.
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