Sentence examples for commitments to creditors from inspiring English sources

ATHENS — Greece's political leaders failed again on Wednesday to form a government, as increasingly anxious and irritated European leaders urged the country to keep its commitments to creditors and decide whether it wanted to stay with the euro.

The Greek finance minister, Evangelos Venizelos, said Tuesday that the government would do everything necessary to meet its commitments to foreign creditors.

On paper at least, banks had assets that more than covered their commitments to their creditors, but they were unable to liquidate these loan packages for cash when these commitments came due.

Speaking in Parliament on Thursday, the Greek finance minister, Evangelos Venizelos, said that Greece's situation was "critical" and that the government's priority was to keep its commitments to foreign creditors to avoid what happened to Argentina, which defaulted on its debt in 2001-2.

The intemperate outburst came just over a week before general elections that could determine Greece's future in the euro zone, shifting the debate at least for the moment from commitments to foreign creditors and financial woes to the legislator, Ilias Kasidiaris, and the party for which he was the chief spokesman, Golden Dawn.

Mr. Papandreou also appealed to Greeks whose salaries and pensions have been cut in an unprecedented austerity drive to "join a collective effort" so the debt-ridden country can make good on its commitments to international creditors and regain its fiscal independence by 2013.

EU leaders, meanwhile, have warned that the country must not renege on its commitments to its creditors.

We have seen already how Germany has warned the new Greek government that it must live up to commitments to its creditors, and with Greece's current bailout program ending in February, it will have little breathing room.

The vast majority of Greece's debts are historic commitments made to creditors by previous governments, sometimes in very dubious circumstances.

"They've got to pay off football creditors in full, make some commitment to other creditors as well as the ongoing running of the club".

But leaders here have struggled to find a way to do so without reneging on commitments to Europe and Greece's creditors, which would provoke a cutoff of loans and soon leave the country unable to pay wages and pensions.