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"However, the risks related to high sovereign debt limit the fiscal policy room to maneuver.
Analysts say France also needs to stoke growth and cut its high sovereign debt, which S.& P. cited in its note accompanying the American downgrade on Friday.
Contrarianism also led Mr. Arbuthnot to Italy — one of the places at the center of Europe's current crisis; it's struggling with slow growth and high sovereign debt.
Most developing Asian economies remain relatively buoyant and are not weighed down by the high sovereign debt levels that are haunting the United States and Europe and have caused fears of outright default in some smaller European economies.
Given the high sovereign debt levels, we may have moved from an era when politicians handed out goodies, in the form of tax breaks and spending plans, to one where they are generally inflicting pain.
What Mr. Hintze and other like-minded investors are betting on is that in spite of the combination of high sovereign debt and unemployment figures, global companies with worldwide brands and limited leverage are in a position to drive a longer, more sustained stock market boom.
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Countries with debt-to-GDP ratios of over 120%—such as Britain and America in the post-war period—still enjoyed comparatively high and stable growth rates in spite of having towering, though more importantly, declining, debt levels.Strangely, that should be good news for Europe today, with its high sovereign-debt levels.
The deal on banks is aimed at breaking the so-called doom loop, in which struggling governments take their states deeper into debt to save their banking systems, only to face sky-high sovereign borrowing costs.
The marathon effort, involving 18 hours of talks beginning Friday morning, was aimed at breaking the so-called doom loop, in which struggling governments take their states deeper into debt to save their banking systems, only to face sky-high sovereign borrowing costs.
'(T he States by the asoption of the Constitution, acting 'in their highest sovereign capacity, in the convention of the people,' waived their exemption from judicial power...
With respect to such constroversies, the States by the adoption of the Constitution, acting 'in their highest sovereign capacity, in the convention of the people,' waived their exemption from judicial power.
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