With several banks in the crisis countries on the verge of bankruptcy, many of these loans have now turned toxic.

With no policy institution able to take charge, countries like Italy and Spain would return to the brink of panic induced insolvency.

Although Dawes refused to make use of his political connections when his bank was pushed to the brink, the RFC nonetheless faced accusations of favoritism.

Because of the weak international position and its labor policies (most peasants lived through a subsistence economy), Pétion's government was perpetually on the brink of bankruptcy.

The Belgian Revolution in 1830 and the resulting costs of keeping the Dutch army at a war footing until 1839 brought the Netherlands to the brink of bankruptcy.

The mistrust and fear that this elicits in the bond markets can lead to liquidity crises that, creating a self fulfilling prophecy, drive countries closer to default.

The euro crisis pushed the financial system to the verge of bankruptcy, which has been avoided by imposing strict austerity and lending countries like Greece just enough money to avoid default.

The 2008 financial crisis, aggravated by useless Keynesian public spending, has brought all European states to the edge of bankruptcy.

edge

Edge

Bankruptcy Comes to China

Down and Out in Athens and Brussels

Sami declared bankruptcy.

They watched in horror as Amazon, en route to becoming the world s largest online retailer, pushed the bookstore chain Borders into bankruptcy, and have wondered if they will be next.

He stood on the edge of the cliff.

They camped at the water's edge.

Pakistan on the Precipice

Return to the Abyss

Global Economic Cooperation or Bust

Banks were on the verge of bankruptcy and nationalization.

For some, low prices would render them insolvent.

But why should a debt problem in economies that are usually called peripheral be so important for financial markets? Greece, Ireland, and Portugal, which is now teetering on the brink of insolvency, account for less than 6 of the eurozone economy.

Europe on the Verge of a Political Breakdown

My pencil fell off the edge of my desk.

The mistrust and fear that this elicits in the bond markets can lead to liquidity crises that, creating a self fulfilling prophecy, drive countries closer to default. They are then forced to implement austerity programs that lead to deep recessions and, ultimately, to banking crises.

Back to the Brink in Ukraine

Northeast Asia on the Brink

Russia is moving toward precipice.

They make their way on the edges of society.

The Bankrupt Theology of Financial Deregulation

As the economy improves, failure is less likely.

Bankruptcy should allow local governments to renegotiate their bond debt and, perhaps, their retired employees pension and health care costs (that s up to a bankruptcy judge).

In the US, the main design defects are in bankruptcy law, which exempts derivatives and repos from most regular bankruptcy constraints.

The setting differs, but the effect is the same. The euro crisis pushed the financial system to the verge of bankruptcy, which has been avoided by imposing strict austerity and lending countries like Greece just enough money to avoid default.

And every time I approached the corner or the curb I would panic.

He's at the sharp knife edge of this problem.

That could take all of us to the edge of a slippery slope.

To the Brink and Back with Iran

Bankruptcy laws were amended to introduce a system of partial indentured servitude.

A number of countries have implemented reforms to bankruptcy law.

The men sat on the edge of the boat and women at the bottom.

Short of a miracle, Greece looks close to insolvency.

Employed in the civil division as president of the bankruptcy division and the civil petition chamber.

Christmas day it was out on the shelf edge.

That is the precipice on which Greece stands today.