Worries about default on debt payments by Greece and rising Italian bond yields are the EU debt crisis worries of the moment on this day.
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However emotionally satisfying, forcing banks to default on debt would cause the type of liquidity runs and market dislocation that brought chaos after the collapse of Lehman Brothers last year.
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Fortunately, even if Congress doesn't raise the debt ceiling, a default on our debt need not follow when our borrowings reach their limit in the next few months.
The Senate and House are expected to vote today on a throw together strategy to avoid a default on the debt ceiling ( more on what the debt ceiling is here).
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Failing to raise the debt ceiling could cause the government to default on its debt.
Only by summer of 2011 did the Eurozone admit that a default on Greek debt was required but, by the time the default was implemented in early 2012, Greece now had a mountain of official sector debt.
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For months, some political leaders and commentators have argued that failure to raise the debt ceiling would necessarily cause the U.S. to default on its debt.
The notion that the U.S. is going to default on its debt is just irresponsible.
The vote basically pushes off a potential default on our debt and allows us to borrow.
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The likelihood of default on this debt is microscopic, which makes them a very stable investment.
He has yet to specify whether he will default on the debt, or seek a voluntary restructuring.
Before the crisis investors assumed no euro-zone government would default on its debt.
Investors cheered news that Greece would avoid a near-term default on its debt.
Greece would default on its debt and adopt its own currency with its government spending and revenue roughly in line.
There is now increasing talk in the market place that Greece will default on its debt sooner rather than later.
On Jan. 14, President Obama said during a long press conference that the U.S. would not default on its debt.
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There's a risk that drugstore chain Rite Aid, which accounted for 13% of McKesson's revenue last year, may default on its debt.
If Rite Aid didn't report, the company would be in technical default on its debt unless it could get waivers from lenders.
Furthermore, it is, as argued by Alan Greenspan recently, absolutely impossible for the US to be forced to default on their debt.
Further, an ultimate default on Greek debt has been deemed inevitable by many market professionals for over a year, despite multiple bailouts.
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And barring a catastrophe, like a forced default on US debt, in another year or so we should be back, big time.
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While the market is not pricing in a default on US debt obligations, it is definitely pricing in the likelihood of a downgrade.
For example, believing that driving the country into default on its debt is good for all may be false, but it is not delusional.
And since we can never default on our debt, there is never a reason to stop spending until unemployment drops back around 4% again.
There is some concern that Greece will default on the debt.
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They argue that such a rash move will cause the U.S. to default on outstanding debt obligations, thereby sending interest rates sharply higher across the board.
The weekend found no major agreements among EU and Greece officials, and there is now concern that Greece could default on a debt payment this week.
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And since there is no capital at risk for the GP if a fund loses money, the risk of default on the debt is borne solely by the LPs.
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The only real solution for insolvent Europe is to explicitly default on the debt to a level that brings PIIGS countries to a debt to GDP ratio below 60%.
Against this tumultuous backdrop, Haarde vowed Tuesday that ordinary Icelanders would not pay the price for this spending spree and that his country will not default on its debt.
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