A missed payment to any official creditor could trigger bank runs, a loss of liquidity support from the European Central Bank (ECB), capital controls on Greek banks and, ultimately, a Greek departure from the euro if it is obliged to print its own currency to pay salaries and pensions.What happens next?
Evidence suggests that is all too often the case, judging by the number of planning officers' reports that diligently conclude a scheme would simply be unviable if it was obliged to fulfil the policy objectives.
In such a case as this the remedy will save to one party or the other a large pecuniary loss,to the city, if it be obliged to pay to the plaintiff damages occasioned by the establishment of its competing works; to the plaintiff, if it be adjudged that the city has a right to do so.
But however painful Europe's burdens are for the French, the country would feel even more weakened and reduced than it already does if it were obliged to once again fend for itself, as merely one country among others in Europe.
A certain power (presumably Britain) might be disposed to act more energetically in Europe if it were not obliged to follow events in the Far East so closely".
"After a disaster of this scale, it can't issue a laconic statement as if it weren't obliged to act immediately".
"Fire those fuckers," he said of those who wrote critical editorials about him at the Chicago Tribune, and threatened to hurt the paper financially if it did not oblige.
It is hard to believe the fate of the company would have been any different if it had been obliged to tell Christmas shoppers: sorry, it couldn't sell them a voucher at that time.
And this only two weeks after America struck a deal with North Korea, the other surviving member of the axis of evil, offering it aid even before it shuts down its nuclear programme, with the promise of much more, not to mention diplomatic recognition, if it continues to oblige.
He said that "if Shariah obliges us to cover women, we are obliged to apply it," adding, "We have not chosen you as judge".
