Sentence examples for big debtor from inspiring English sources
In 1976 Britain became the IMF's first big debtor, borrowing $3.9 billion.
The strongest negotiating asset of a big debtor is always that default cannot be contemplated because it would bring down the financial system.
As America has become more reliant on foreign lenders, it warns, so it has become more vulnerable to "financial warfare", of the sort America itself threatened to wage on Britain, a big debtor, during the Suez crisis.
A scenario for the next world financial crisis is already obvious: a default by a big debtor -- maybe a country, maybe a big corporation (say an overambitious telecom company) creates a bond market panic.
A rule intended to stabilise government debt at 60% of GDP, one of the Maastricht criteria for joining the euro, would allow most governments (but not Italy's, a big debtor) to run a small deficit most of the time and permit occasional deficits of more than 3%.
But it has also done something almost unprecedented: it has threatened to call time on its worst debtors, including Daiei, Japan's third-biggest retailer and UFJ's biggest bad debtor.
As with the euro zone, that turns some of them from big debtors into creditors.
If it does not and credit for the world's big debtors becomes scarce and expensive, another financial crunch may await.Leo Abruzzese: editor-in-chief, ViewsWire, Economist Intelligence Unit.
Unlike many other big debtors in recent years, A.&P. did not announce what is known as a "pre-arranged" or "prepackaged" bankruptcy filing, in which a company reaches some agreement with its creditors over a reorganization plan.
Mr. Stone said that while foreign consulates are no longer incurring big numbers of tickets, they are still big debtors; Egypt is No. 1 with $1.9 million, and Kuwait second with $1.3 million.
And they have yet to tackle the issue that lay behind the 2007 crisis in the first place, the imbalances between the big creditor nations such as China and Germany, and big debtors like the US.
