"The consequence that the market has taken from it is to question the commitment to the repayment of debt," he said.
Indexation also pushes down levels of sustainable debt, as it increases vulnerability to exchange-rate adjustments that might otherwise be desirable.Fortunately, in addition to productivity gains, governments still have many ways to make their commitment to future debt repayments more credible.
The United States Treasury secretary, John W. Snow, who is visiting Mexico, said that the repayment reflected Mexico's commitment to orthodox fiscal and economic policies.
Following the chaplain's invocation, Rep. Adam Schiff (D-Burbank) addressed the crowd and reaffirmed his commitment to get the Pentagon to halt collection of repayments from California National Guard service members who were given unauthorized reenlistment bonuses, calling it "appalling".
Because these legally borderline, undercover options — cyberwar, drone killings, executions and strange explosions at military bases — invite repayment in kind, undermine the American commitment to the rule of law, and make allies uneasy.
Investment is on hold; a new incentives law has been delayed, and banks are reluctant to lend so long as Greece runs the risk of default.In this section The constant chancellor Reforming Zapatero Repayment days In search of a leader Out of the limelight ReprintsMr Papandreou's commitment to overhauling the public sector is not in doubt, yet the pace of reform remains slow.
Repayments to China are guaranteed by long-term commodity sales, which means a commitment to push ahead with resource exploitation – often with dire consequences for the environment and indigenous communities.
The National Institutes of Health (NIH) Loan Repayment Program for Clinical Researchers offers up to $35,000 per year toward educational debt with a commitment to conduct clinical research.
His letter makes four demands: Ireland must request financial support from the Eurogroup (euro-zone finance ministers); the request must include a commitment to austerity, structural reforms and a clean-up of the banking sector; recapitalisation of banks; and a guarantee of the repayment of ELA funds.
