IMF's boss, that the Fund's articles of agreement be changed to give it the right to declare a temporary debt moratorium.
However, the outspoken commissioner was forced to concede on his controversial proposals to introduce a temporary ban on sovereign debt ratings under bailout circumstances.
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This third trading week of 2013 comes to a close with investors digesting news that House Republicans plan to vote next week on a temporary increase in the debt-limit.
This time around fearful consumers are already head over heels in debt, wiser regarding the temporary illusion of good times financed by borrowing, and determined to pay down debt and save rather than spend.
Under the program announced this morning, the FDIC will insure new bank debt in the Temporary Liquidity Guarantee Program.
It seems unfair to require a person to prove his or her financial responsibility by forcing that person to incur debt, however temporary.
Was all the concern over Greek debt just a temporary panic?
FORBES: The Greek Debt Crisis Was Resolved By A Confidence Game
People had hoped that a watered-down, temporary version of common eurozone debt, dreamed up by Germany's so-called "wise men" group of economic experts, might be a runner for the summit.
Every small business owner knows that the laws of finance will allow negative cash to be augmented with debt as a temporary means to an end, but not as a long-term way of life.
These traders, who may be long in their core gold position, could be looking for a chance to profit on a temporary dip in prices if a debt ceiling agreement is passed.
This time the club won a temporary 28 day reprieve to allow the debt to be paid in full - or for the club itself to seek liquidation.
BBC: Llanelli AFC fends off third 'winding up' in tax dispute
For the last two years at least, financial markets have been lurching between rumors of debt downgrades and announcements of temporary solutions designed to preserve the status quo.
But since September 2008 there have been two definitions of public sector net borrowing and public sector net debt, depending on whether the "temporary effects of financial sector interventions" are included.
In such a situation, temporary balance-of-payments support together with generous debt relief makes sense.
That Europe will kick the solution of the Greek debt crisis down the road again, with another temporary bailout payment, has no connection whatever to slowing global economies and rising inflation.
Their opposition to a debt-financed fiscal stimulus, and particularly to a temporary cut in VAT (a sales tax), seemed quixotic last autumn.
It did not take traders and investors long to look past the U.S. debt limit drama that has drawn to at least a temporary close.
FORBES: Comex Gold Soars to New All-Time High on Strong Investor Safe-Haven Demand
Facts on the ground are superseding this: to save Greece, you would have to do Euro bonds, and a Marshall Plan, take losses on the debt, and - maybe - even allow some degree of temporary autarky to overcome the social crisis.
Administration efforts to characterize the current situation as a "temporary liquidity problem" appear strikingly similar to the miscalculations of the Latin American debt crisis in the early 1980s.
In the filing, Kirby McInerney says it rejected 75% of the lawyers it considered hiring on a temporary basis and sought out graduates of prestigious schools with specialized training in the collateralized debt obligations at the core of the complaint.
FORBES: Citigroup Plaintiff Lawyers Fire Back At Fee Objectors
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