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It looks like, at present, that the UK's household sector could become the weak link in all this – if earnings do not pick up, the sheer mass of accumulated debt, with the need to service (to repay and pay interest) could start to present problems.
"I've given a lot to the health service and this is the time in my life when I actually need the health service to repay me, and I just feel so let down by them".
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Both invest the financial resources they amassed with the Kremlin's help to repay the government with loyalty and political service.
Atlanta-based Birch Communications, an IP-based telecom and managed services provider to SMBs, has scored a $77.5 million finance package which will serve to repay outstanding indebtedness.
The trouble is that such defenses of EMs are made in terribly bad faith, based as they are on an illusion that the mandate of the Emergency Manager is, in fact, to improve services, rather than to repay Detroit's creditors.
Deutsche Post World Net, the German postal service, has been told to repay $913 million to the German government for abusing state subsidies but says it will fight that order.
People also raised concerns about poor service and administration, lenders not being willing to help those struggling to repay and aggressive debt collecting practices.
As Warren Mosler is fond of asking, can they send goods and services back in time to repay the debt we have incurred?
Price resigned last week as U.S. health and human services secretary and promised to repay the government for some $52,000 worth of travel including private flights, after Politico and other media reported on his use of charters.
And Moody's said Carnegie's total debt of $116 million had a maximum debt service -- the money needed to repay interest and principal -- of $9.8 million a year, or about 12 percent of last season's operating expenses, double the median debt service for nonprofits.
His service would be a way to repay the nine firefighters who died on Sept. 11.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com