Sentence examples for need never default from inspiring English sources
A GOVERNMENT with debt denominated in its own currency need never default, or so the theory goes.
The downgrade in itself is largely symbolic: China's rating is still high, the public finances are still respectable (the combined debts of the central and local governments are about 50% of GDP, Fitch reckons) and a government need never default in a currency it prints.More worrying are the credit trends that contributed to the downgrade.
By some estimates more than 93% of Japanese debt is held domestically, which means that the government need never default because it could simply print money to pay the debt off.This home bias also helps explain why, though the stock of debt is huge, debt-servicing costs as a percentage of GDP have been relatively low compared with Japan's OECD peers (see chart).
Then they said that banks would not need recapitalising because sovereign nations would never default.
Inevitably, some of the companies that default will be ones that need never have borrowed money, given how eager investors were to buy their shares.
And a synthetic CDO may be nothing more than an assemblage of naked credit default swaps for cash settlement, meaning the reference mortgage bonds need never be physically delivered when the beneficiary gets paid.
Well over 95% never default.
"Iceland has never defaulted on a loan and will never default," he said.
Indeed, French officials maintain that Italy will never default.
Your fans need never know.
