But Europe s banking union also requires uniform rules for winding up insolvent financial institutions and this has become a sticking point.

Banks had reassured themselves with the belief that countries could not become insolvent.

Although countries can become insolvent, they have many ways to reduce their sovereign debt before this happens.

But if the ECB takes over entirely the role of lender of last resort, it will ultimately become insolvent itself.

BRUSSELS The first act of the eurozone debt drama was about whether any European Union member country could ever become insolvent.

And do not make your hand as chained to your neck or extend it completely and thereby become blamed and insolvent .

And do not make your hand as chained to your neck or extend it completely and thereby become blamed and insolvent .

Greece is clearly insolvent.

So it should be reserved for cases when the country as a whole has grown insolvent.

Time to Nationalize Insolvent Banks

If investors refuse to buy the debt on any terms, even a fiscally prudent government could find itself in a liquidity squeeze and become insolvent.

This company became insolvent in early 2002.

Greece s GDP, moreover, has shrunk by 25 since the start of the crisis in 2009. Its government is insolvent.

Cyprus also holds a more general lesson Given the extreme reaction of financial markets to the collapse of Lehman Brothers in 2008, it had become axiomatic among European policymakers that no bank should be allowed to become insolvent.

For some, low prices would render them insolvent.

When private firms (or subnational governments) become insolvent, there are normally legal bankruptcy procedures to determine what to do. Without such procedures, a market economy would be unable to function.

Yes, the financial system is insolvent, but it has nominal liabilities and either it or its borrowers have some real assets.

Under Koizumi s leadership, insolvent banks were made whole again.

So, the US banking system is effectively insolvent in the aggregate most of the British banking system looks insolvent, too, as do many continental European banks.

Coercive restructuring of insolvent banks unsecured debt would be next.

Ireland s banks financed their rapid growth by borrowing from other European banks, so the health of Europe s financial system has become entwined with the survival of these insolvent banks. It is no surprise that the ECB is now Ireland s largest creditor through buying up its government bonds.

The reason is simple both Greece and Ireland are likely insolvent.

Commercial banks loaded with weaker countries government bonds became potentially insolvent.

Much has become clear.

Lahoud has become irrelevant.

The markets are fully aware that Greece, being insolvent, will eventually default.

NEW YORK The eurozone crisis is reaching its climax. Greece is insolvent.

The subject has become more open to discussion, and it has become more acceptable to set limits.

Sami has become Layla's life.

It has become an obsession.

This approach requires judgment and resolve in separating insolvent institutions from solvent ones.

But to say that Turkey has become more democratic is not to say that it has become more liberal.

My brother has become a priest.

English has become my favourite subject.

Sami has become my Islamic teacher.

A convenience has become a burden.

The violence has also become crueler.

Currency undervaluation has become a substitute.

For starters, industrialism has become obsolete.

His unpopularity has become their unpopularity.

Yet this stance has become untenable.

What has become of your sister?

What has become of your sister?

Behold , Gehenna has become an ambush ,

UNOCI has become a stabilization force.