Profligate states go bankrupt if necessary.

sent in from your Lord for the profligate , never far from the wrongdoers .

That our profligate consumption requires five planets is a catchy story, but it is wrong.

In addition, state bonds are not treated as equals, and the markets penalize profligate states.

But once American households rebuild their retirement accounts, they may return to their profligate ways.

Indeed you come to men with desire instead of women ! Indeed , you are a profligate lot .

Indeed you come to men with desire instead of women ! Indeed , you are a profligate lot .

With no limit, profligate countries could go on a spending spree at the expense of thriftier ones.

Finally, exposure to the discipline of financial markets would make it harder for profligate governments to misbehave.

While it relies on profligate subsidies and cash handouts, Thaksinomics also banks on structural reforms to propel economic growth.

This points to a systemic dimension of the crisis that cannot be reduced to profligate behavior by fiscal sinners.

For most of the last decade, Kazakhstan gorged on profligate lending, courtesy of global banks just like much of southern Europe.

Germany worries that, without strict supervision of banks and budgets, it will be left holding the bag for its more profligate neighbors.

That our profligate consumption requires five planets is a catchy story, but it is wrong. The planet we have is more than enough.

A more substantial constraint would be to establish a tougher disciplinary regime on fiscally profligate countries as part of a reinforced institutional framework.

All of the Western religions begin with the notion of Eden, and descend through a kind of profligate present to a very ugly future.

The early industrial era economic accomplishments occurred despite the loss of a substantial proportion of national income to support a corrupt, decadent, and profligate aristocracy.

It is deficit reduction, not debt, that is profligate, because it implies wastage of available human and physical capital, quite apart from the resulting misery.

And now, Buiter and Sibert argue convincingly, the ECB is giving the market less scope to reward the thrifty and penalize the profligate than it should.

That is larger than the elevated borrowing by all other G 7 countries the United Kingdom, France, Germany, Italy, Japan, and Canada combined, plus profligate Portugal and Greece.

In this era, the government can t get away with stealing elections, throwing political opponents in jail, expropriating foreign or domestic private assets, large scale corruption, or profligate spending.

Profligate members were supposed to be forced by the Stability and Growth Pact, as well as by their peers, to live within their means and thus strengthen their competiveness.

To be sure, coal and oil companies would suffer, and big polluting countries like the US would obviously pay a higher price than those with a less profligate lifestyle.

So were the profligate borrow and spend policies and the use of public sector hiring to co opt political factions, both of which resulted in Lebanon s massive debt problem.

Banks will not lend if the economy is in the doldrums, and American households will be particularly reluctant to borrow at least in the profligate ways they borrowed prior to the crisis.

Even if the financial sector were fully repaired, and even if these profligate Americans hadn t learned a lesson about the importance of saving, their consumption would be limited to 100 of their income.

And that means that German leaders must portray the crisis not as a morality play pitting lazy, profligate southerners against hard working, frugal northerners, but as a crisis of interdependence in an economic (and nascent political) union.

The current president of the European Union s Council of Ministers, Czech Prime Minister Mirek Topolanek, openly voiced the angry mood of many European leaders when he described America s profligate approach to fiscal policy as the road to hell.

There is no reason why a constitutional solution that involves debt limitation should not command a large measure of public acceptance, especially in debtor countries, which have experienced the political and economic damage caused by previous profligate governments.

The Germans and French would need to inject new capital into their banks (perhaps finally becoming open to tighter regulation to prevent this from happening again), and the whole world would become more wary about lending to profligate sovereigns.

But there is also a more troubling possibility if, by proceeding on our current profligate path, we succeed in making natural resources scarce, we will require a new wave of technology, regardless of the cost, to rescue us from calamity.

The fines could be as high as the interest premium would be in the absence of help, thereby ensuring that the benefit of enhanced stability under the euro accrues to all eurozone countries, rather than to the profligate members themselves.