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If this is achieved, there is no reason why Greece could not service its debt once the moratorium runs out.
A judge ruled last fall in favor of creditors, saying that Argentina could not service only some of its debt, and that it had the "financial wherewithal" to pay in full.
It announced in mid-July 1861 that it could not service its debts, having just ended its own civil war (called the War of the Reform), and so suspended payments to its European creditors.
The man so apt to eviscerate a manager for a minor miscalculation took his company into a debt of more than $7bn that it could not service and did it on the advent of a recession and a credit squeeze.
Even before the crisis, Renong was so leveraged that it could not service its debt from its operating cash flow.
Keep in mind that Mirant filed bankruptcy not because it could not service its debt load but, rather, because it could not meet its maturity schedule.
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You know where this story is going: "Then the financial crisis hit, so securitizations dried up, the company couldn't service its debt, the company went bankrupt".
In 1982, it was Mexico's declaration that they couldn't service their debt on Aug. 12, 1982, that marked this generation's bull run.
Russia defaulted on its Treasury debt in 1998, and Brazil couldn't service its paper held by American banks in the 1980s.
This couldn't service the debt, forcing the township to pick up the tab and eventually to hi-jack stimulus money last year to stay solvent.
As this happened, S3 couldn't service requests, which caused even AWS's own dashboard to go down (which is, you know, kind of embarrassing).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com