The financial sector gets liberated, then constrained; enthusiasm for government intervention waxes, then wanes; consumers, companies and governments take on debts, then cut back.
But to do nothing might lead people to take on debts they cannot repay when rates eventually rise.
Hellenic will take on debts of around £350m.Wings, a new transatlantic airline alliance, is grounded by a dispute between two of its members.
Indebted, he said, by what the community did for him and his family, Allam then paid a nominal £1 to the outgoing owner and agreed to take on debts of around £30 million.
Ms. Valuskova also took the long view when she persuaded her husband to take on debts to beat back "blackmail" attempts by the state agency that held the lease on their auto repair shop.
It's easy to persuade a young person to take on debts when you cater to their fantasies without clear and consistent warnings about the limitations of the job market in fields like cooking, graphic arts, computer work and so on.
