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

You should pay your debts.

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

How will she pay her debts?

How will she pay her debts?

How will he pay his debts?

How will he pay his debts?

You should pay back your debts.

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

How will I pay my debts now?

How will we pay our debts now?

How will we pay our debts now?

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.

When, in early 2010, Greece s government could no longer service its debts to French, German, and Greek banks, I campaigned against its quest for an enormous new loan from Europe s taxpayers to pay off those debts. I gave three reasons.

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?

As a result, households want to spend less and pay down their debts.

Only a price reduction would create current account surpluses and enable the crisis countries to pay off their foreign debts. It is time for Europe to come to terms with this remorseless truth.

The German government still does not admit that as if France before the euro would have offered up Seine Saint Denis or Corsica to pay off its foreign debts to keep the franc.

India has written off the debts of all the highly indebted poor countries.

This whole tangle of debts was finally de facto written off in 1932 in the middle of the global slump. But, until 1980, Germany continued repaying the loans that it had incurred to pay the reparations.

Ultimately, perhaps, all the pain will pay off.

As the late Tanzanian President Julius Nyerere demanded publicly Must we starve our children to pay our debts?

As poignantly stated by an African official, You demanded that we faithfully pay our debts, and we did.

In the 2000 s, largely thanks to high oil prices, Putin paid off the state s debts.

But in the post crisis downswing, accumulated debts have a powerful depressive effect, because over leveraged businesses and consumers cut investment and consumption in an attempt to pay down their debts.

Countries never default because they can t pay their debts there are always ways to decrease expenditures or raise taxes.

Given that outstanding loans already amount to nearly double China s GDP a result of the country s massive stimulus since 2008 new loans are largely being used to pay off old debts, rather than for investment in the real economy.

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

In November 2002, China wrote off all the mature debts totalling 9.607 million owed to it by Afghanistan.

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

And if they habitually decadalized GDP, multiplying the quarterly GDP numbers by 40 instead of four, Greece s debt burden would be 15 . From the standpoint of Greece s ability to pay, such units would be more relevant, since it doesn t have to pay off its debts fully in one year (unless the crisis makes it impossible to refinance current debt).

Government debt must be restructured. Bank debts have to be converted into equity and, where banks are insolvent, written off.

This whole tangle of debts was finally de facto written off in 1932 in the middle of the global slump.

These private debts were passed along to the populace, which received nothing from the loans but is now expected to pay them back.

Notably, the compact should count commercial as well as financial debts, and government budgets should distinguish between investments that pay and current spending.

Others are held captive in the country of destination until they have paid off the debts associated with their illegal transportation.

We reduced them through debt write off and debt relief, as well as through the method of reducing our own debts.

Again, it was a point of honor for governments to pay back such debts as they were incurred, whatever the sacrifice to the country.

In a second ruling that same day, the Court found that the debts of Deperraz Electricité were the result of a series of management errors and ordered Mr. Deperraz to pay the official receiver the sum total of the company's debts.

But and here s the point with its debts written off, the banking system is now recapitalized and able to support economic growth.

Indeed, a senior cabinet minister suggested recently that the international community should write off Pakistan s debts an amount estimated at 40 billion.

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

As a result, households want to spend less and pay down their debts. To some extent, this is the natural aftermath of any credit boom.