Negligence is a type of damage or offense.

However, recognition without action is negligence.

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.

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

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

Those responsible for this element of the investigation displayed gross negligence.

Some participants wished to know whether the acts listed in article 19 had to be intentional, or whether simple negligence should also be punished.

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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.

PUF, 1970 The Esthetics of Negligence La Fontaine's Contes , by John C. Lapp.

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In paragraph 1 it is stated that the general liability is based on negligence.

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.

If an inquiry found a violation of human rights or negligence in preventing such a violation, the matter was referred either to the Director of Public Prosecutions or to the appropriate service commission or public body for disciplinary action.

According to US law, such actions would amount to reckless endangerment or culpable negligence. Yet politicians are taking citizens on precisely such a ride and facing very little pushback.

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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.

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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.

Any staff member may be required to reimburse the United Nations either partially or in full for any financial loss suffered by the United Nations as a result of the staff member's gross negligence or of his or her having violated any regulation, rule or administrative instruction.

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

Negligence, prevention of child labour and abandonment of children and internally displaced persons should also be covered.

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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