Later in this century, the Soviet Union refused to repay debts incurred under Lend-Lease.
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So falling prices create a spiral in which assets are sold off to repay debts, triggering further price falls and further sales.
But Fortescue, which is part-owned by Chinese state mining firms, said the tax would hit profits before financing costs, leaving it less room to repay debts.
Nations felt pressure to quickly repay debts accumulated during the war, but higher interest rates led to lower economic output, which in turn led to more protectionism.
Mr. Wallis now works in programming and design for an international manufacturer in Rhode Island, but doubts he'll ever be able to repay debts from his old business.
The problem may not be the Bank of England's target but whether there are really any appropriate tools available to seriously counteract the pernicious, growth stymying impact of deleveraging, the urge to repay debts.
To state the bloomin' obvious, when a bank can't borrow from anywhere, even from the central bank, to repay its own debts as they fall due, well that's what causes panic and bank runs - because no one would leave their money in a bank that can't repay its debts.
Many households are struggling, even with interest rates at record lows, to repay existing debts.
With many borrowers now struggling to repay their debts, loans are turning sour at alarming speed.
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It has long been obvious that several countries, especially in Africa, cannot repay their debts.
An alternative scenario, however, is that debtor countries raise taxes in the attempt to repay their debts.
This deal gives the company a further three years to repay its debts.
Which is all a credit rating is: an opinion on how likely a borrower is to repay their debts.
Doubt about Italy's governance and its ability to repay its debts have sent the markets seesawing over the past two days.
Improvements to legal systems and bankruptcy procedures would help, by providing more incentives for private and corporate borrowers to repay their debts.
In March its creditors gave it extra time to repay its debts.
It did not set any fiscal targets for Argentina beyond 2004 and ventured no opinion on Argentina's capacity to repay its debts.
This group includes eight members of the European Union, all of which have to repay their debts from an eroded tax base.
The good news is that the euro zone has woken up from the lie that Greece could one day repay its debts.
Such borrowers are, it is true, more likely to repay their debts.
To put it another way, our ability to repay our debts would be enhanced if only wages, and profits and tax revenues, were growing.
An obvious answer would be for Mr Son to sell some of his stakes, repay his debts and tuck the rest away in new ventures.
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When the underlying mortgage holders were unable to repay their debts, the investments plummeted in value, with disastrous consequences for banks all over the world.
Receivership, by contrast, is a process started by a company's bank, or other creditor, who has lost confidence in a firm's ability to repay its debts.
The rising rate suggests investors are becoming more wary of lending to Spain as doubts about the country's ability to repay its debts continue to spread.
Yields fell to around 5.5%, lower than the 7% which is considered to be economically unsustainable for a country to repay its debts in the long term.
Stirling insulation firm Superglass has seen its share price fall by more than 50% following the news that it may not be able to repay its debts.
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But it is fair to say that a consequence of banks, households and businesses trying to repay their debts has been a big increase in government borrowing.
German and French banks have already agreed in principle to roll over loans to Greece in order to give the country more time to repay its debts.
At a time when confidence in certain European countries to repay their debts is faltering, it is understandable that the credit agencies would be a target of backlash.
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