Sentence examples for are allowed to default from inspiring English sources

In the current plan, the investors are allowed to default on the government loans if the toxic assets perform badly.

"It's highly unlikely Greece will be allowed to default," Mr. Missoroli said.

Assemblyman John S. Wisniewski, chairman of the Transportation Committee, said that the New Jersey Turnpike Authority would not be allowed to default on the bonds.

The official emphasised that Athens would not be allowed to default on the debt, meaning that the ECB may act.

It pointed to the fact that Greece might be allowed to default as a reason to worry about other countries.

London mayor Boris Johnson said this morning that Greece should be allowed to default on its debt and leave the euro.

Greece should have been allowed to default and restructure under the guidance of the International Monetary Fund, Professor Wyplosz said.

If it had been allowed to default, every big financial firm in the country, and many others abroad, would have been adversely affected.

David A. Rosenberg, chief economist and strategist for Gluskin Sheff & Associates, said investors were momentarily encouraged by a sense that European governments would not be allowed to default.

But a pledge from the president of the European Central Bank, Jean-Claude Trichet, that Greece would not be allowed to default helped calm the markets.

Debt campaigners say this process would be hastened through the adoption of a "Jubilee 2000" approach, under which, despite the strong opposition of the banks, countries would be allowed to default on a large proportion of their debts.