Either banks need to default on their senior obligations, or the government will need to default alongside the banks.

The official line so far has been no default, meaning no sovereign default or that of any bank can be considered.

None besides Allah can avert it , ( or advance it , or delay it ) .

None besides Allah can avert it , ( or advance it , or delay it ) .

Conduct carried out in the absence or default of the official authorities

Greece is heading towards disorderly default and or devaluation with incalculable consequences.

Default

No people can hasten or delay the term already fixed for them .

No people can hasten or delay the term already fixed for them .

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Investors were not worried about default risk on Spanish or Irish sovereign debt, or about Italy s chronically large sovereign debt.

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The risk of default or debt restructuring induces creditors to be more careful in their lending decisions.

If Greece chooses default, they cannot enforce their banks claims on Greek borrowers or seize Greek assets.

(a) The goods are live animals except where it is proved that the loss, damage, or delay resulted from an action or omission of the carrier or of a person mentioned in Article 14bis done recklessly and with knowledge that such loss, damage, or delay would probably occur or

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After the Greek Default

Why Greece Will Default

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Have the Europeans decided that sovereign default is easier, or are they just dreaming that it won t happen?

Countries never default because they can t pay their debts there are always ways to decrease expenditures or raise taxes.

Inaction or delay would be disastrous for the climate, but it would also be disastrous economically.

Australia urged States which had not yet done so to sign or ratify CTBT without delay.

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Credit Default Swaps on Trial

The Euro Zone s Default Position

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Either officials recognize immediately the inevitability of default and waste no resources trying to prevent it, or they believe that a default can be avoided and deploy all the resources at their disposal as fast as possible.

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This scalability was magnified by the use of credit default swaps (CDSs), which offered phony insurance against default.

Politicians reacted by devising an international financial system after WWII in which default and bankruptcy were more or less impossible.

The package may or may not prevent Spain and Portugal from becoming undone in a similar fashion, or indeed even head off an eventual Greek default.

Second, banks would also suffer because they had sold insurance against default in the form of credit default swaps.

How to Default on Sovereign Debt

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At that point, they will default.

The EU s Rules to Default By