Greece is expected to get the next €7.5bn bailout payment in the second half of June, before its next debt repayment – €3.5bn owed to the European Central Bank – falls due in July.
Greece's announcement Friday that it would postpone the latest 300 million euro repayment it owes the International Monetary Fund until the end of June has prompted a flood of doubts about Greece's future in the Eurozone.
But it took more than an argument to abolish the institution, mainly because it was so horrible that it worked, at least as a threat: few things motivate prompt repayment of money owed better than the prospect of a dark, dank dungeon where rats and smallpox thrive while men and women shrink and shrivel and starve and die.
It was also incomprehensible other than it may have acted as a repayment of debt owed to the Teamsters Union for its support of the Democrats in the recent presidential and congressional elections.
The repayments that Enron owed the banks were listed as "liabilities from price risk management" and possibly a small amount as accounts payable, Mr. Leonard said.
It said recently that it had financed a number of Iranian fields — Sirri, South Pars 2 & 3, Balal and Dorood — under contracts for which it is still owed repayments.
The significant move, coupled with the repayment of external monies owed, means the west London club no longer has any outstanding debts.
Barbara Crossette (NYT) THE AMERICAS CANADA: FORGIVING DEBT Canada moved to make good on a promise to help the world's poorest countries, declaring a debt repayment moratorium on $451 million owed by 11 poverty-stricken nations.
Socrates' point is not that repaying debts is without moral import; rather, he wants to show that it is not always right to repay one's debts, at least not exactly when the one to whom the debt is owed demands repayment.
That you have to ask if you owe repayment to your wife suggests you need much more than advice from an ethicist, if, in fact, that is what I am at this moment.
