Montserrat had requested that the Associated Statehood option be revisited.

This episode offers a few preliminary lessons on debt buybacks.

One consequence of the ECB s large scale long term refinancing operation (LTRO) has been that Italian banks are once again buying Italian government bonds, and Spanish banks are buying Spanish bonds.

The latest package to cope with Greece s insolvency offers a bond buyback to lighten the country s debt burden.

This scheme is applied to new fossil fuel burning power plants, or to existing plants where re powering is an option.

Members of these small units usually consisted of former professional military men who were equipped with rifles, machine guns, ammunition, medicine, uniforms, and had the option of buying additional materials such as skis, sweaters and marching boots.

The buyer, located in Michigan, contracted to buy scrap metal from the seller's recycling operation in Ontario.

The Morocco Option

The Diplomacy Option

The India Option

The Sarkozy Option

Turkey s Choice

Western intelligence sources have told The Guardian that the Saudi monarchy has paid for up to 60 of the Pakistan's atomic bomb projects and in return has the option to buy five to six nuclear warheads off the shelf.

You had a choice.

Ukraine s Democratic Choice

We have no choice.

Under an operating lease, the leased property is expected to have a remaining useful life at the end of the lease term and the lessee does not have an option to purchase the leased property at the end of the lease term for a nominal price, nor is title to the leased property transferred to the lessee automatically at the end of the lease term.

They could have said to their EU colleagues, Look, we have no choice but to restructure what is clearly an unsustainable debt.

Even under such circumstances the holder of the housing, land and or property right should have the option to repair or rebuild whenever possible.

In January 1927, when the government proposed to redeem these bonds, rumor spread that the banks holding these bonds would go bankrupt.

Wrong command line option.

I've got no choice.

I didn't have a choice.

What choice did I have?

The Libya Option In Iran

There is no third option.

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A debt buyback is something of a Catch 22 to succeed in inducing a haircut, it needs to profit from the default fears that it intends to alleviate.

Likewise, debt buybacks would be a massive waste of official resources, as the residual value of the debt increases as it is bought, benefiting creditors far more than the sovereign debtor.

If consumers insist on buying only ethical diamonds, traders might be able to push the demand back to their sources.

When I got out I had a choice.

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We have no options but to continue.

Maybe I don't have a choice.

There is simply no other choice.

This leaves an unsettling fallback option.