It has to be done to stop Britain from becoming as indebted as Greece.
Some 40 countries, mostly in Africa, were sufficiently poor and indebted to be eligible for the 1996 debt-relief plan.
Mr Cooke previously said he would be indebted to the hospice "for the rest of his days" after he saw the care given to his mother before she died last June.
Most of the capital - a protection against possible losses on loans to highly-indebted countries - is expected to be raised by banks from Greece, Portugal, Italy, Spain, Germany and France.
The Irish banks have been perceived to be going easy on highly indebted developers in anticipation of the scheme.
Although life on the seas influenced architecture and interiors in the 1940s and '70s, this most recent recurrence may be more indebted to clothing.
Borrowers tend to be more middle-class and less indebted than their American counterparts.
ECONOMIST: Consumer lending is taking root in central Europe
Indebted governments would be able to transfer debt in excess of a 60% of national income or GDP to a debt reduction fund which would agree to freeze the money owed for 10 years in return for the government carrying out agreed economic reform.
Be willing to buy up the bonds of over indebted governments and, if necessary, to simply monetise the debt.
Because falling prices make debt more expensive, indebted households would be more anxious to pay off loans, even as other consumers were benefiting from a boost to their purchasing power.
That is a better position to occupy than that of most of Japan's indebted electronics giants, but many shareholders would be happier if Mr Mitarai returned more money to them.
Since at some point you'll have to retrain you should try to save, but if you're indebted from the start that's the last thing you'll be able to do.
But for many struggling indebted companies, to buy back shares would be unwise.
If share prices do not recover, many indebted new black tycoons will be unable to meet their repayment deadlines and their shares will in theory revert to their creditors.
Moody's also warned that France's budget may be stretched if the costs for helping to bail out indebted fellow eurozone nations and banks exposed to the debt crisis proved too much.
While it is true that emerging markets such as China and Brazil are generating most of global economic expansion, a better framework may be to distinguish between the slower-growing, highly indebted economies (such as the US, Japan and parts of Europe) and financially sounder ones, which include not only many developing economies but also Germany, Holland, Sweden, Canada and Australia.
Many of his party colleagues are heavily indebted to the grassroots organisation run by regional post-office chiefs, which can be relied upon to get out the vote come election time.
So it is with the European bank loans to sovereign governments in Europe which cannot be written down to their current value without making these banks insolvent and requiring bailout by their already overly indebted sovereign governments.
One outfit, called Itera, bought gas from Gazprom and the central Asian nation of Turkmenistan, resold it on the market to Ukraine and other former Soviet states and acted as a sort of guarantor that Gazprom would be paid by indebted former Soviet states.
Germany is concerned that a Greek exit from the eurozone could lead to a domino effect, whereby a number of indebted nations -- including Ireland, Portugal and potentially Spain and Italy -- may be forced to withdraw from the common currency, which could lead to a full break-up of the monetary union.
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