Sentence examples for basis of debt from inspiring English sources
Writing in the Economist magazine in 2012, Albrecht Ritschl, a professor of economic history at LSE, said: "The Marshall plan had an outer shell, the European recovery programme, and an inner core, the economic reconstruction of Europe on the basis of debt forgiveness to and trade integration with Germany.
The hedge fund, backed by US billionaire Paul Singer, is suing Argentina on the basis of debts arising from the country's defaulted bond swaps in 2005 and 2010.
Earlier this year a court declared the company bankrupt, despite its sound finances, on the basis of one disputed debt to a former agent.The ruling was an unwelcome reminder of a similar case in 2002, when the local subsidiary of Manulife, a Canadian insurer, was declared bankrupt for failing to pay a dividend.
Last year, when Sainsbury was struggling, some of these swaps were priced at 150 basis points per unit of debt insured.
Greek officials are eager to show a surplus, since troika officials have said it could be the basis for discussion of some kind of debt relief.
Many have no idea where they will be studying in a few weeks, and yet they are supposed to commit themselves to a lifetime of debt on the basis of a scramble designed to emulate some mad educational survival-of-the-fittest theory.
Bond rating agencies typically judge the affordability of debt on the basis of the resources that are available to repay it.
Meanwhile, zero is not the crucial number for the deficit; a much better criterion is the budget balance that would, on a sustained basis, stabilize debt as a percentage of GDP.
On that basis Greece will run up an extra €67 billion of debt by 2014, by which time its debt will stabilise at a scary 149% of GDP.
Only a periodic clear-out of debt and unproductive activities creates the basis for a further leap forward.
And since taxes are judged to be too high – on the basis of very unclear arguments regarding incentives – debt reduction ends up relying on massive public-spending cuts.
