In the US, reviving the credit markets requires stopping the mortgage defaults driven by negative equity.

Europe s leaders were also paralyzed ruling out defaults and devaluations, as well as deficits and stimulus.

Argentina has been on the front pages of the world s newspapers, with stories describing an economic and social crisis born of debt default and devaluation, unemployment and widespread poverty.

The Failure of China Bashing

One is underdevelopment.

The Central African economy basically relies on exports of agricultural, mining and forestry products.

Backwardness requires that we make much greater efforts.

Either banks need to default on their senior obligations, or the government will need to default alongside the banks.

The dropout rate is about 30 .

The dropout rate is about 30 .

To complicate matters, the lag works in both directions.

Most developing countries faced a serious risk of being left behind.

The value of freedom. It's a value of community.

Meanwhile, not only is fiscal austerity pushing the eurozone periphery into economic free fall, but the loss of competitiveness there will persist as relief at the waning prospect of disorderly defaults strengthens the euro s value.

Mental retardation developed from this disease usually leads to coma.

With a few exceptions, clusters so far tend to be underdeveloped in developing countries.

To be sure, international finance economists also see US exports benefiting as the value of the dollar declines, but the lags in demand are such that the export boost will come a year or two after the decline in consumption and investment spending.

We raised the reward. We continued to increase the reward.

The main reason for the lag is not simply low demand or large debts.

Indeed, today Russia risks lagging even further behind the developed countries.

Back then, one Nigerian pound was equivalent to one British pound.

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My hosts replied that they needed to keep up with China.

Portugal might follow Greece in a sovereign default and in leaving the eurozone.

Even in the US corporate sector, defaults will rise, owing to sharply higher corporate bond spreads.

First, governments should not be pushed into insolvency just to save all banks.

The best way to get rid of debt (short of default) is to grow out of it.

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We know that the value of such remittances surpasses that of official development assistance.

Either officials recognize immediately the inevitability of default and waste no resources trying to prevent it, or they believe that a default can be avoided and deploy all the resources at their disposal as fast as possible.

There were also the two defaults through inflation in 1920 and 1923.

By creating the European Central Bank, the member states exposed their own government bonds to the risk of default.

Fifty least developed countries (LDCs) are seemingly caught in a trap of underdevelopment, poverty and structural weaknesses.

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A woman's value is less than that of a man and her inferiority is embedded in societal structures.

May God forgive you . Why did you allow them ( to stay behind ) without ascertaining who spoke the truth and who were liars ?