Sentence examples for backstop of the from inspiring English sources

Given the precariousness of its credit rating, Italy needs the backstop of the ECB continuing to buy its bonds in order to prevent Greek-style default spreading.

I'm writing this on the Riverside promenade — precisely, on the half-length park bench facing the backstop of the ball field around West 103rd Street.

Without the backstop of the influential Mr Klaus, their future looks bleak.But the Czech left has hardly been a model of competence in recent years.

But there is also the backstop of the central government, which has formal debts amounting to only about 25% of GDP.

Because Andersen is a partnership, its partner-owners do not have a typical pension with the backstop of the Pension Benefits Guaranty Corporation, which makes payments when companies go bankrupt.

New legislation authorizing a backstop of the mortgage finance companies leaves it up to the Treasury secretary to decide whether to honor preferred dividend payments or to repay subordinated bondholders before the government, an S.& P. analyst, Victoria Wagner, said.

With Martin considered the catcher of the present, and Montero and Romine the backstops of the future, the 39-year-old Posada is trying to adjust to his new role while keeping the lightest possible hand in his old one.

As a matter of fact, provisions for technical backstopping of the field programme (TCP and SPFS as well as Trust Fund and UNDP projects) had already been included in the 1996-97 budget approved by the Conference (document C95/3, 97, refers).

The backstop of a veto gives bite to the committees that do the scrutiny.

The greenback overtook sterling in reserves barely a decade after the founding of the Federal Reserve in 1913 as the backstop of dollar liquidity.

Mr. Sian estimated that perhaps as early as May, Athens would soon have to draw on the emergency backstop of bilateral loans promised last week by the European Union and the International Monetary Fund.