Sentence examples for debt set off from inspiring English sources

This buildup of debt set off a cascade of margin-call selling in Russia, accelerating the collapse of the market.

Greece's disclosure that it would have trouble refinancing its debt set off a crisis in Europe this spring and led to a trillion-dollar rescue package from the European Union and the International Monetary Fund.

LONDON — The bitter fiscal stalemate in Washington is producing nervous ripples from London to Bali, with increasing anxiety that the United States might actually default on a portion of its government debt, set off global financial troubles and undercut fragile economic recoveries in many countries.

Mr. Falcon's report outlined a worst-case situation in which Fannie and Freddie could default on debt, setting off "contagious illiquidity in the market" — in other words, a financial meltdown.

The call for new elections sent shudders across the euro zone, where concerns flared that rising anti-bailout forces in Greece's Parliament could lead the nation to default on its debts, setting off new troubles in Portugal and Ireland, which are also highly indebted and rely on foreign loans.

Defaulting on its debt, Mexico set off a worldwide debt crisis.

In 1982, the country defaulted on its foreign debt and set off a Latin American debt crisis that led to a decade of anemic growth across the region.

But while government debt may be a problem, corporate debt may set off a crisis that, in some ways, is already unfolding.

That would raise government borrowing costs and hit Greek banks particularly hard but also hurt other holders of Greek debt and set off a chain reaction.

The divergent views evoked a similar split a decade ago over Greece's readiness to join the euro zone, which is now struggling with a sovereign debt crisis set off by Greece.

And like other countries, Italy is finding that austerity is making it harder, rather than easier, to stoke the growth needed to reduce the mountain of debt that set off the euro zone's crisis in the first place.