Creditors and debtors should share the responsibility to prevent and resolve unsustainable debt situations.

Creditors need to exercise due diligence in making such decisions, to avoid unsustainable debt accumulation.

To be sure, this is a dangerous product, and it did cause many families to fall into an unsustainable debt trap.

So this whole industry is unsustainable.

And the evidence confirms that the euro crisis is not really about sovereign debt, but about foreign debt.

Sovereign Debt at Square One

The Root of All Sovereign Debt Crises

Sovereign debt restructuring

The situation became unsustainable and a civil war began.

Sovereign debt no longer looks stable.

Greek sovereign debt has been downgraded to below that of Egypt.

Countries will invariably try to avoid an unsustainable debt burden, since the costs of the economic turmoil that typically follows default are enormous.

The sovereign debt and banking crises have become even more closely interlinked as banks bought greater amounts of their home countries sovereign debt.

They put a country in debt and it's such a big debt it can't pay it,

The sovereign debt crisis is well known.

Sovereign debt for sustained development

For some, reducing debt burdens to sustainable levels looks increasingly difficult within existing official debt reduction schemes.

Some participants believed that the concept of sustainable debt should be the debt level at which a country could implement strategic programmes for development.

Need for systemic coherence in managing sovereign debt

I cannot stand it!

There was a broad consensus that additional efforts were needed to further reduce the unsustainable debt burdens of many developing counties, in particular of the least developed countries.

The convergence of sovereign debt yields implied and required by the establishment of the common currency need not return.

a An option was included to convert US 30 year bond into a US 12 year bond with debt reduction.

A New Approach to Eurozone Sovereign Debt

Sovereign debt restructurings with private creditors

A sovereign default in Europe will never be a mere value to be plugged into some statistical risk model.

Reaffirming the Monterrey Consensus of the International Conference on Financing for Development, which recognizes sustainable debt financing as an important element for mobilizing resources for public and private investment,

(e) To reduce the unsustainable debt burden of developing countries through such actions as debt relief and, as appropriate, debt cancellation and other innovative mechanisms geared to comprehensively addressing the debt problems of developing countries, in particular the poorest and most heavily indebted ones

(e) To reduce the unsustainable debt burden of developing countries through such actions as debt relief and, as appropriate, debt cancellation and other innovative mechanisms geared to comprehensively addressing the debt problems of developing countries, in particular the poorest and most heavily indebted ones

The link between sovereign debt and bank debt has to be broken once and for all.

In Europe, risks spreads are rising on Italian and Spanish sovereign debt.

And it probably would require that the EU be able to issue sovereign debt.

Welcoming the progress made on the Heavily Indebted Poor Countries Initiative designed to provide deeper, broader and faster relief, while recognizing that significant challenges remain to ensure that countries achieve a lasting exit from unsustainable debt,

Only the state is reliable enough to take on all debt, which private institutions are too risk intolerant to hold.

ROME The euro contagion triggered by Greece s sovereign debt crisis has now infected Italy.

That woman the nurse, can't stand her

I can't stand her, either

These flowers, I can't stand them!

Even for those benefiting from the HIPC Initiative, the economic conditions on which their debt relief was based have considerably worsened, and several countries, including those few that received debt relief, have backtracked into further unsustainable debt.

While progress has been made in reducing unsustainable debt burdens for many developing countries, much remains to be done.

By the mid 1990s, it had become evident that the combination of existing debt relief mechanisms, new official assistance, and policy packages aimed at reducing borrowing needs were still not enough to reduce debt to sustainable levels.

(c) To continue to bring together international debtors and creditors in relevant international forums to restructure unsustainable debt in a timely and efficient manner, taking into account the need to involve the private sector in the resolution of crises

The official line so far has been no default, meaning no sovereign default or that of any bank can be considered.

Reaffirming the Monterrey Consensus of the International Conference on Financing for Development, which recognizes sustainable debt financing as an important element for mobilizing resources for public and private investment,

No they don't. They're small wires.