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So, make sure you have not defaulted before and ensure you have valid reasons for doing so.
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They haven't defaulted on their loans.
They haven't defaulted on their membership in the Eurozone.
But the company has not defaulted on its loans.
I hadn't defaulted on anything in 40 years.
It's official, then: Greece hasn't defaulted and bondholders can't claim on their insurance.
Greece has not yet defaulted on its debt.
They have not met before.
This week the European Union also agreed to ban "naked" shorting of shares (when stocks have not been borrowed before they are sold) and naked purchases of sovereign credit-default swaps (CDSs), whereby investors buy protection without owning the underlying bonds.
Although we have not had a sovereign default in the advanced economies since the West German sovereign default in 1948, the risk of sovereign default is manifest today in western Europe, especially in the euro area (EA) periphery.
But most of them have not penciled in a default.
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