Philosophically, the debt forgiveness approach rests on the belief that creditors share culpability for defaults with debtors, since they made the bad loans in the first place.

3. Also emphasizes that creditors and debtors must share responsibility for preventing unsustainable debt situations

Emphasizes that creditors and debtors must share responsibility for preventing unsustainable debt situations

4. Emphasizes that creditors and debtors must share responsibility for preventing unsustainable debt situations

3. Also emphasizes that creditors and debtors must share responsibility for preventing unsustainable debt situations

Transferring liability for foreign debt to Mubarak should not have negative economic consequences for Egypt in the long run.

What is now required to resolve the technical issue is some mechanism for assuming existing debt and preventing excessive borrowing in the future.

And then the government, too, was induced to engage in decreasingly transparent forms of bailout to cover up its largesse to the banks. Those who had argued for accountability and responsibility now sought debt forgiveness for the financial sector.

The big question in Spain is whether, as in Ireland, the central government will allow itself to be gamed into taking on private (and also municipal) debt.

Responsibility to protect

Indeed, ever since the Qin Dynasty united the country and established a centralized regime some 2,000 years ago, accountability for debt has been treated as a central government problem.

The experience of wartime inflations and de facto defaults in the twentieth century made the theme of responsible finance a crucial part of a new European consensus.

It took responsibility for obligations that amounted to a multiple of Ireland s national income, driving up government debt to more than 1,300 of GDP.

The alternative the liability model requires that each state take responsibility for its own debts, with its creditors bearing the costs of a default. Faced with that risk, creditors demand higher interest rates from the outset or refuse to grant additional credit, thereby imposing a measure of discipline on debtors.

The Responsibility to Protect Migrants

Protecting Civilians Responsibly

The Responsibility to Protect Libyans

Extend the responsibility for implementing the provisions of the Convention to the level of the individual.

The Houthis denied responsibility for this attack.

Liability for intentional or reckless behaviour

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

Once this debt s cumulative risk exceeds a local government s financial capacity, the central government is forced to assume responsibility for servicing it, directly endangering its own financial capacity.

That is why we speak of shared responsibility.

The Euro Zone s Default Position

We must advance the responsibility to protect.

The Welsh Government has responsibility for education in Wales.

In this respect, we embrace the concept of responsibility to protect .

All of us share in the responsibility for relieving their suffering.

Developing countries have the prime responsibility for their own development.

Draft resolution on external debt crisis and development

Chinese leaders blame Taiwanese leaders for cross straits tensions, and blame the Dalai Lama for all that ails Tibet.

International liability for injurious consequences arising out of acts not prohibited by international law (International liability in case of loss from transboundary hazardous activities)

We believe it is the primary and primordial responsibility of each State to protect its population and for that reason we fully support the concept of the responsibility to protect.

Thus, it combines responsibility for past emissions and equal per capita rights.

Major companies need to accept responsibility for their actions.

The onus is not on developed countries alone.

But Germany is not innocent of responsibility for this crisis.

A country in trouble retains primary responsibility for correcting policy.

The National Assembly for Wales has responsibility for education in Wales.

Young people should take responsibility for developing their own societies.

We all share responsibility for each other's development and security.

The responsibility to protect is, of course, a reflection of our common morality.

We recognize that we all share responsibility for each other's security.

At the same time, there must be a determination of responsibility for adverse events.

In this context, the army, seeking to avoid sole responsibility for reverses, wants a popular government to take charge of policy.