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Ms. Hunter obtained a personal guarantee from the buyer and his wife, but it wasn't until more than a year after the sale was complete that she learned that a personal guarantee needs to have assets behind it to have any value.
In order to be really efficient, the "youth guarantee" needs to be an integral part of a European wide social policy and could also be included in the criteria for convergence as suggested by Juncker in the late 1990s.
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Larry McDonald, a former Lehman vice-president, says the Bush administration could easily have offered the guarantee needed to help Barclays buy Lehman outright: "They put Lehman Brothers to sleep.
He says that one way the bank is doing so is by lending to state and local governments who lack the sovereign guarantee needed to borrow cheaply in markets.
Still, government guarantees need to be based on sound valuations, Mr. Elliott and others say.
"Yet, this falls short of providing the guarantees needed for the increasing number of over-50s in long-term unemployment.
The U.S. included both TAPI and CASA 1000 in the N.S.R., but Washington did not offer the financing or security guarantees needed to implement them.
But there is a hitch: as a practical tool for achieving better outcomes, this one looks blunt.A politicians' charterTo be worth the manifesto paper they will be printed on, public-service guarantees need to be readily enforceable.
The agenda for his meeting with Mr Byrne stated that "government should invest in education at all levels... Variable fees, with guaranteed needs-blind admission, would be an effective way of doing this".
Still, he said, "explicit guarantees need to be included when assessing the liabilities of a state in a meaningful way as they have a value and affect the guarantor's overall financial position".
Wireless networks providing QoS guarantees need to estimate the increase in peak allocated capacity when considering admitting a new resource reservation in the system.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com