In any case, the debt market is unlikely to recover its poise in the immediate future, because few investors are in a position to buy corporate debt.

ECONOMIST: Corporate bonds

U.-based listing as markets in the region recover from a debt crisis.

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There have been a lot of articles by economists advocating debt forgiveness as a crucial way for the economy to recover, so it would not surprise me if Congress changed the laws to encourage borrowers to obtain debt forgiveness.

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Strange though it may sound, they believe the only way to recover from a financial crisis caused by excessive debt may indeed be for the government to borrow more.

BBC: Mr Cameron, GDP and the hole in the recovery

Will the market recover sufficiently in the next six months so that companies can refinance this debt without having to give up control?

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The new assumption is that unless Greece can bring down its overall debt level its economy will never recover, since the government will be unable to invest and private lenders will never believe that their money is safe.

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Last year funds controlled by Mr Hasenstab practically cornered the market for Irish and Hungarian debt as part of aggressive bets that both countries would recover from the financial crisis.

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Mr. Acharya said the banks plan to serve Kingfisher legal notice in the next couple of days to recover their remaining debt.

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And pretty much all historical precedent would suggest the Greek economy cannot recover under this kind of debt burden (see Rogoff and Reinhart's Debt Overhangs: Past and Present for more on this).

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Debt soared but the country did not recover for a decade.

ECONOMIST: The world economy

Some are hoping that during the coming confrontation over the debt-limit increase fiscal conservatives will be able to recover lost ground on spending.

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The customer for these services was Leucadia, a financial-services firm that bought hundreds of thousands of defaulted debt claims for pennies on the dollar and hired Mel Harris to recover what it could.

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First, he needs to orchestrate partial, but significant defaults on GIIPS debt that leave the GIIPS fiscally solvent even if their economies take years to recover.

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However, until they admit this reality, write off much of their debt to Greece, and allow that country to recover, there will be no resolution to the situation.

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Nonetheless, widening credit spreads and canceled debt offerings are not the types of things we want when the economy is trying to recover from a recession caused by a financial crisis.

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