Sentence examples for the prospect of default from inspiring English sources
Until Friday EU executives have refused to countenance the prospect of default and the issue has not been discussed at any official level.
Most charge nominal fees for the guarantee of liquidity, analysts said, and some banks did not properly reserve for the risk since the prospect of default seemed remote.
The country is due to make debt repayments of €7bn (£6bn) in July and faces the prospect of default if the bailout review is not completed.
News that Italian prime minister Mario Monti had made an unscheduled trip to Brussels added to the nervousness, as did the prospect of default in Hungary.
And it would raise the prospect of default by Greece and could prompt its exit from the euro union — a departure whose regional consequences are hard to predict.
The next year the state's court of appeals ruled it unconstitutional.Still, the prospect of default is not quite as remote as these comforting comparisons suggest.
Though still painful, the process made the prospect of defaulting slightly less daunting.
Because they are heavily indebted, and so internal devaluation makes debt burdens harder to service, raising the prospect of defaults or crises.
In November, faced with the prospect of defaulting on its external debt, Pakistan had to return to the International Monetary Fund for a $7.6 billion bail-out.The Taliban insurgency is a particular worry.
Cities can try to borrow the amount they are losing, and the agreement in progress calls for the state to repay them over three years, but many of the financially weaker localities may face the prospect of defaulting on their bonds.
Some warned that such an outcome could spook investors into pulling funds out of larger economies such as Italy and Spain, raising the prospect of defaults in those countries.
