Inflation would clearly make creditors worse off.

Borrow a lot of money, pay it off, pay it off, pay it off, get down to near zero, and bang! World War I.

Wars are expensive. But then we'd pay it off, pay it off, pay it off, and then, oh, what's this? The Civil War. Even more expensive.

We rise to an astronomical level, around 118 percent of GDP, But we pay it off, pay it off, pay it off, and then, what's this?

For example, the state has granted a 4.2 billion loan to the aluminum magnate Oleg Deripaska (who held first place on the Forbes list before the crisis) to pay off Western creditors.

Creditors in cases like that of Argentina need to be made to pay a penalty.

One is to exclude bank rescues altogether only creditors would have to pay for bankers mistakes.

Ultimately, perhaps, all the pain will pay off.

A General Electric bond is just that a promise by the General Electric Company to pay its creditors.

And I think it'll all pay off in the end.

Six months later, after substantial official funds had been used to pay private creditors, the outstanding private debt was substantially restructured.

Suppose my children have to pay off the debt to you that I incurred. They will be worse off.

In the process, a basic principle of modern capitalism that when debtors cannot pay back creditors, a fresh start is needed has been overturned.

The risks are massive, but the pay off economic, humanitarian, motivational it's absolutely huge.

With the government now fully guaranteeing Fannie s and Freddie s debts, American taxpayers will have to pay for everything not covered by their creditors inadequate capital.

Germany had to pay huge sums in war reparations to the Allies (who in turn had large loans from the U.S. to pay off).

However, in the long run, the gains accruing from climate change mitigation will pay off.

A true loss would be inflicted on a bank s creditors only if the write off losses on toxic mortgage loans exceeded the bank s equity.

How long does default last before the country can reach an agreement with its creditors? How much more must it pay for access to debt markets later?

Judgement creditors

There is no guarantee, of course, that the three parts of this wager will pay off.

The borrower is cut off from international markets, and essential imports can no longer be purchased, while large scale defaults threaten to plunge creditors into insolvency.

And, if the bets don t pay off, the cost to the American taxpayer will be even larger.

Statutory (preferential) creditors

And establishing a formal mechanism for transatlantic regulatory consultation will eventually pay off, one sector at a time.

The problem with this argument is that governments are rarely faced with having to pay off their debts.

Creditors in insolvency proceedings

Private savings, as a rule, can pay the costs of treatment only for the thrifty and the well off.

Member countries are now divided into two classes creditors and debtors with the creditors in charge.

That incentive increases if it can command the resources of a more democratically governed state, where citizens agree to pay taxes (and pay off future debt) because they also control the government.

Only a price reduction would create current account surpluses and enable the crisis countries to pay off their foreign debts.

The constructive (and relatively quick) trade policy response in the aftermath of the Great Depression did not pay off immediately.

Tracing the precise consequences of policy measures or institutional reforms and estimating when they might pay off is hopelessly complex.

The principle of comparable treatment with other creditors is reinforced under the Evian approach.19 The adjustment of the cut off date is also a noteworthy feature of the Evian approach.

Sovereign debt restructurings with private creditors

Iceland, which privatized and deregulated its banks a few years ago, now faces national bankruptcy, because its banks will not be able to pay off foreign creditors who lent heavily to them. It is no coincidence that, with the exception of Spain, all of these countries explicitly adhered to the US philosophy of free market and under regulated financial systems.

As a result, the eurozone has become divided into creditors and debtors, with the creditors in charge of economic policy.

But their governments seem to be taking advantage of the bonanza to pay off pending external debt and increase their foreign reserves.

Mr. Kourakis (Greece), referring to question 11, said that 28 persons were currently detained for failure to pay off their contractual debts.

Even former creditors benefited from this rebound.

Bailing in creditors will exacerbate these trends.

Russia began 2006 by cutting off natural gas exports to Ukraine after its government refused to pay a fourfold increase in the subsidized price.

Creditors can agree to relax Greece s fiscal targets.

Truman did not pay off the last of the debts from that venture until 1934, when he did so with the aid of a supporter.

The euro crisis is now turning the EU into something fundamentally different, dividing member countries into two classes creditors and debtors with the creditors in charge.