To calm lenders' nerves, he has promised to honour his debt obligations, increase oil production by granting concessions to foreign investors, strengthen dollarisation and include business types in his cabinet, which will be picked soon.Yet treading this straight and narrow path could cost the president dearly.
The general assumption that moral obligations increase with cultural proximity is often criticized as problematic.
When the prices of oil, steel, and other commodities rise, the coffers of countries like Russia and Nigeria swell and their ability (though not necessarily their willingness) to meet their debt obligations increases.
Unless we can at least limit the growth in debt to the growth of the economy, the world will lose faith in Treasury obligations, increasing the government's borrowing costs and adding to the fiscal drag on the economy as we try to service our massive debt.
Once the family was reunited, his obligations increased when his second son, Hans, was born.
The Postal Service is somehow supposed to cope with rising pension obligations, increased private competition and a reduced customer base — the Internet has largely replaced the written letter and printed invoice — but is not allowed to bring in new revenue or cut services.
Compared with the time period of April to November, during the peak flu season (December to March) the number of full time workers in the US that reduced their hours to cover family/personal obligations increased by 18.7% in 2009 2010.
The relationship between the duty of a HCW and the lethality of a disease is proportional danger and obligation increase in step with each other, as opposed to other conceptions that suggest a threshold of exception as the risk of illness becomes too great.
Fifth, and perhaps most importantly, as the risk of a country defaulting on its debt service obligation increases, the country loses its social, economic and political power.
First, as the national debt per capita increases, the likelihood of the government defaulting on its debt service obligation increases, and therefore the Treasury Department will have to raise the yield on newly issued treasury securities in order to attract new investors.
Identix Inc., a maker of fingerprint-security devices, agreed yesterday to buy the Visionics Corporation for about $285 million in stock and other obligations to increase revenue growth.
