No debt, no liabilities just yet.

No formal debt restructuring existed for debt owed to multilateral institutions.

Sovereign debt no longer looks stable.

No. I'm still in your debt.

If I read you correctly, no money, no credit, no borrowing, no debt, no bartering?

This means no cross border sovereign debt (or esoteric instruments, such as collateralized debt obligations).

Africa needs debt cancellation, as no growth can take place with a heavy debt burden.

But Germany had no debt overhang to confront.

Moreover, when countries had no capacity to service their external debt, debt cancellation did not generate more resources for development, although it did improve debt indicators.

But there is no such mechanism to adjudicate international debt disputes.

If this principle prevails, no one would ever accept debt restructuring.

Government debt will no longer be backed up by taxpayers assets.

Some large firms, such as Apple, hold virtually no debt at all.

The debt owed to multilateral financial institutions is the only category of developing country debt that has no formal framework of restructuring.

Such a debt conversion program would offer five benefits. For starters, unlike the ECB s current quantitative easing, it would involve no debt monetization.

Forcing a debt for equity swap or debt forgiveness would be no greater a violation of private property rights than a massive bailout.

CLAREMONT, CALIFORNIA The debt crisis in Europe is no longer a European affair.

Instead, they focused exclusively on US foreign debt, ignoring household debt (mortgage and consumer debt), public debt, business debt, and financial debt.

That is why, for domestic debt disputes, countries have bankruptcy laws and courts. But there is no such mechanism to adjudicate international debt disputes.

Limited capacity for debt socialization reflects the EU Treaty s no bailout clause, which bars outright mutualization at the eurozone level of (national) public debt.

No formal debt restructuring exists for debt owed to the multilateral institutions, although countries may find that the disbursements of concessional, multilateral loans and bilateral assistance may help to service outstanding multilateral debt.

48. The debt crisis that began over a decade ago is no longer a problem for commercial banks, and developing country debt no longer constitutes a systemic threat to the international banking system.

At that point, government debt will no longer be backed up by taxpayers assets.

So raising inflation is no cure for the government s current debt or future deficits.

ODA debt is rescheduled over 30 years, with no principal due for 12 years.

One is this value of debt of almost no sales can continue for years.

There is no secondary market for debt owed to official creditors, but a strict assessment of repayment prospects on this debt would in principle be of the same nature as for commercial bank debt.

The relationship between debt relief and the provision of funds should be appropriate, since debt relief could in no way replace new allocations of funds.

Debt sustainability and debt relief

Frankly, no one knows what legislative deal will be struck to raise the debt ceiling.

Borrowing increases risk in any business you can t go bankrupt if you have no debt.

The national debt has increased, with no offsetting asset placed on the government s balance sheet.

As far as the debt problem of the developing countries was concerned, he noted that while there was no systemic danger, debt nevertheless remained a serious issue.

B. External debt and debt relief

There had been no progress on debt relief for sub Saharan Africa, even though the proportion of African debt was three times greater than that of Latin America.

First, debt continually grows second, there is no really satisfactory way of getting rid of it.

But even debt financing would be better than no investment at all, given the deadweight losses.

It is no secret that sovereign bonds carry significantly higher borrowing costs than concessional debt does.

But no country can accumulate debt forever and what cannot last sooner or later must end.

There was no given threshold below which debt was innocuous and above which it was dangerous.

Unlike insurance companies and pension funds, they have no long term debt or future payment obligations.

71. Foreign debt should no longer be described as a crisis but simply as a problem.

Such obligations accounted for much of the debt of African countries and Madagascar was no exception.

More debt relief encompassing more countries and more debt (including bilateral debt) is needed.

Mr. TALPUR (Pakistan) noted that many highly indebted countries had been unable to obtain relief because debt relief approaches had not applied to all types of debt moreover, there was no single forum to deal with the total foreign debt portfolio.