Your English writing platform
Discover LudwigExact(3)
Rigid debt contracts may seem good in booms.
For a fresh start Europe needs to build integration with a positive vision from the ground up instead of only through the back door of a common currency rooted in the negative constraint of rigid debt and a deficit constraints.
Mortgage lending today does not need to solely rely on rigid debt to income (DTI) ratios because automated tools and advanced risk modeling have allowed lenders to go beyond simple thresholds for borrowers that exhibit risk mitigating characteristics, such as a high credit score or sufficient cash reserves.
Similar(57)
On Aug. 18, the government announced a de facto devaluation of the ruble, a forced restructuring of its short-term debt and rigid controls on outgoing capital.
It recently suspended its privatization program; it has high levels of public debt and rigid labor laws, and very poor basic services such as elementary education, water and health.
But wages are not the only rigid contracts workers face their debts are fixed too.
The agency worries that high private debt and a rigid jobs market will hold back the economy and hurt tax revenues.
S.& P. kept a negative outlook for France, citing its high government debt, and a rigid labor market that has helped keep the unemployment rate high, at around 9 percent.
But Italy's problems arguably have less to do with government debt than with rigid business patterns, corruption and cronyistic regulations, not to mention low birth rates; and democratic governance has in fact succeeded in getting Italy's budget back to primary surplus (unwisely so, in the midst of Europe's recession).
Mr. Snower, a U.S. citizen, said he believed that the German debt brake was overly rigid but that all euro zone countries should have built-in limitations on spending.
Now, attention has turned to other economies in the 16-member monetary union that are also burdened with high levels of debt, stagnant growth and rigid, overpriced labor markets.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com