"And if this isn't Sanders's position – if he supports full return of liability for sellers and makers – then he should clarify immediately".
The main raison d'être of the convention is said to be its scheme of compulsory insurance; in return, the liability of the operator is limited according to the weight of the aircraft, unless the damage is caused by a deliberate act of the operator, his servants, or agents, done with intent to cause damage.
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But any lasting stability for the euro must lie with governments, particularly in the degree to which they are willing to give up fiscal sovereignty in return for pooling liabilities.
Until the 19th century companies had to pursue a public purpose (imperial domination, usually) in return for limited liability.
Much of the cash the government needs can continue to be borrowed from taxpayers at home - pension funds such as government bonds, or gilts, because they can match the fixed returns against their liabilities, and cash is pouring into National Savings, which are invested in gilts as nervous savers shun risky looking banks.
You may also be tested because of employer liability, return from leave, drug-free workplace policy, or a change in company policy.
Although none of these schemes is likely to come to anything, they all help to distract attention from the central point: Russia agreed to take on the Soviet Union's liabilities in return for acquiring its assets.
Until the bubble burst, the need to earn a high return to offset these liabilities lured many such institutions into the stockmarket.
Most quantitative easing programmes primarily involve central banks acquiring government liabilities in return for central bank reserves.
