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The uncertainties would persist as the Greek government found itself stuck in an Argentine-style legal imbroglio, making it impossible to borrow from abroad.
Many regional governments now find it impossible to borrow from the markets, so the central government has set up an 18bn-euro rescue fund for them.
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Meanwhile the regional governments have found it near impossible to borrow - neither from the capital markets, nor from their troubled savings banks.
Just now, such public spending will hardly be crowding out the private sector: businesses find it impossible to borrow anyhow.Higher government spending may save the world economy from a depression, but it cannot prevent a long hangover.
It will simply make it impossible to borrow the money that the government needs to pay for them.
Young companies or those with a lot of debt have found it nearly impossible to borrow money since Sept. 11 because lenders have been unwilling to commit more money and investors have backed away from high-yield bonds.
However, given Venezuela government's credit rating condition, it is impossible to borrow enough money.
Many potential construction projects have been crushed, as the lending pendulum has swung from too liberal to the extreme conservative end of the spectrum, making it almost impossible to borrow money.
With the collapse of Lehman Brothers in the United States, even the most solvent companies were finding it impossible to borrow.
The brief also says that forcing private lenders to take a bigger than expected haircut on their loans to Greece (in reality they could end up losing 75% of their loans) is likely to destroy confidence among private investors, making it impossible for Athens to borrow from the financial markets for the foreseeable future.
Because of its complex history and tendency to borrow from other musical and cultural forms, it has been argued that "it is impossible to bind rock music to a rigidly delineated musical definition".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com