Greece is clearly insolvent.

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

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

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.

Time to Nationalize Insolvent Banks

This is why Greece is insolvent and a coercive restructuring of its public debt is inevitable.

This company became insolvent in early 2002.

For some, low prices would render them insolvent.

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

Coercive restructuring of insolvent banks unsecured debt would be next.

Greece is likely to find itself insolvent, and questions surround the solvency of Ireland and Portugal as well.

But if the scheme is used to bail out insolvent banks, what will the taxpayers get in return?

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

This is too much for a democratic country, especially one where the tax burden is very unequally shared. Greece is, in fact, insolvent.

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

Simpson maintained, according to Berry, that Social Security is already insolvent because it is paying out more than it is getting in tax revenue.

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

ATHENS The point of restructuring debt is to reduce the volume of new loans needed to salvage an insolvent entity. Creditors offer debt relief to get more value back and to extend as little new finance to the insolvent entity as possible.

In addition, in Australia, the insolvency legislation provides for the liability of a holding (parent) company for the debts of a subsidiary company that became insolvent if it is established that the subsidiary was permitted by the parent to engage in insolvent trading.

It is sometimes said, almost in the same breath, that Greece s debt equals 153 of its annual GDP, and that Greece is insolvent.

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

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

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

This needs to be carried out for insolvent governments, households, and financial institutions alike.

Because the banks made their investments with too little unborrowed money, they became insolvent.

The OMT scheme s German opponents argue that it is unconstitutional, because it is not monetary policy, but fiscal policy aimed at financing insolvent and lethargic eurozone governments.

But no one will bail out these super sovereigns if the sovereigns prove to be insolvent.

Similarly, super sovereigns cannot continue to bail out distressed sovereigns that are insolvent rather than illiquid.

a rapid reduction of insolvent households debt burden, preceded by a temporary freeze on all foreclosures

If these countries became insolvent and curtailed their expenditure, a new worldwide recession would be likely.

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

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

It means establishing a common deposit insurance scheme and a mechanism for closing down insolvent financial institutions.

At some point, investors will realize that bank losses are massive, and that some banks are insolvent.

An important role of central banks is to provide cash to potentially insolvent banks in times of panic, when all other sources of capital dry up.

In the end, Greece, the eurozone s other members, and Greece s creditors will have to accept that the country is insolvent and cannot service its existing debt.

First, it aims to ensure that obligations are fairly and regularly met when a debtor becomes financially insolvent.

Could it be that people think that a country becomes insolvent when its debt exceeds 100 of GDP?

Clearly, back in 2009, the ECB did not make the controversial call that Greece was insolvent, not illiquid.

The most frequent consolation in this failure is that a really bad crisis is purgative. Insolvent businesses close, bad loans are written off, and lenders can lend with new confidence again.

And governments must respond to the banks threats by declaring their willingness to let insolvent banks be judged accordingly.

And Greek banks and firms lose their creditworthiness alongside their government if markets perceive the latter to be insolvent.

When Greece imploded, the investments turned sour, and the Cypriot banks that had engaged in this strategy became insolvent.

Australian legislation also provides for the avoidance, in summary fashion, of pre bankruptcy transactions entered into by an insolvent company with another company to which it is related.

But an immediate corollary of this diagnosis is that dealing with this crisis requires finding a solution to the debt problem that is, the problem of over indebted sovereigns and insolvent banks.