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Many municipal and corporate borrowers were unable to borrow money in the credit markets last week.
Fed officials have been wrestling for months with the fact that lenders remain unwilling to lend and borrowers are unwilling or unable to borrow.
Like payday loans, these are aimed at borrowers who have poor credit records and are unable to borrow elsewhere.
But Greece remained unable to borrow at affordable rates.
Unable to borrow from private markets, companies need government funding.
Would most of southern Europe go broke, unable to borrow money at any reasonable rate?
Unless the International Monetary Fund agreed to help, Greece would be unable to borrow from abroad.
Russian companies accordingly were unable to borrow as freely abroad as they once had.
Like many other investors, Zell was unable to borrow enough money to refinance his loans.
Italy or Spain might become unable to borrow on decent terms.
The city was unable to borrow directly in the private credit market until 1982.
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