The odds of a sovereign-debt default have shortened, making other risks seem less improbable as well.
Fears of a European sovereign debt default and contagion have led to indiscriminate panic-selling.
Domingo Cavallo, Argentina 's economy minister, tried to banish fears of a debt default.
Such a debt default, negotiated or otherwise, looks to be only a matter of time.
But a slump could lead to debt default and a messy exit from dollarisation.
The impact of triggering CDS for those who hold protection against Greek sovereign debt default would reach far.
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Yes, the headwinds of sovereign debt default and high U.S. unemployment are troubling forces to be reckoned with.
The lesson for America is simple: economic growth now or debt default later.
That is forcing the government to seek drastic spending cuts, and some tax rises, to avoid a debt default.
If demand is cut again, the risks of debt default and a wider collapse in bank credit are high.
But Russia's debt default last year meant that Hungary's government was left with the bill for several hundred unpaid-for buses.
Argentina has been largely shut out of international capital markets since 2001, when it declared the largest sovereign-debt default ever.
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The risk of a debt default over the combustible issue of the Medicare deficit hangs over the course of the stock market.
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The economy took a real battering after the spectacular collapse of the currency and the debt default at the end of 2001.
But his troubles will look tame against Mr Chernomyrdin's if the crisis deepens, inflation and unemployment rise, and another debt default looms.
Brazil's case is that notwithstanding weaknesses such as large fiscal and current-account deficits, it is being unfairly punished because of Russia's debt default.
Unless these debts are settled, the Soviet Union is barred from offering bonds in the U.S. market under the 1934 Johnson Debt Default Act.
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This heavy burden of debt, combined with a troubling job outlook, has led to an understandable rise in student loan debt default rates.
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Amid recession and the contagion of a debt default, bank collapse or Greek departure from the euro, Europe's single market would be in danger.
And given that transparency amongst the hedgies remains opaque at best, the worries about the impact of a sovereign debt default are on the rise.
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Delay highlights the risks of debt default and a euro-zone break-up.
This, and most Greek politicos know it, mean that even a New Democracy government will find it difficult to stave off a debt default in Greece.
Following a 75% peso devaluation (and a major debt default) in 2002, doing business in Argentina became much cheaper in dollar terms--a big draw for U.S. companies.
Bond spreads are always higher on riskier debt because bond holders are being compensated through yield for future losses that may be incurred in a debt default.
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This works well as long as capital markets are liquid, but not when the credit tap is turned off, as happened in 1998 after Russia's sovereign-debt default.
The recurring fears of sovereign debt default by various EU member countries is making the U.S., even with all its political dysfunctionality, look better than it otherwise would.
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Steel said the European Union is expected to hold a summit on Oct. 23 to review further measures to protect euro-zone banks from any potential Greek debt default.
In 2001, in a desperate effort to stave off debt default, Domingo Cavallo, the economy minister, forced them to swap bonds (and cash) for long-dated or low-yielding paper.
This has raised the stakes regarding a Greek debt default.
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