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They lack the fiscal integrity or capacity for further debt expansion to underwrite massive levels of new borrowing required for future bailouts of banks, financial institutions and especially larger sovereigns such as Italy and Spain, not to mention the U.S. and U.K. and possibly Japan.
Elsewhere, governments underwrite mortgage insurance.
Insurers manage and underwrite risks.
(Travelex agreed to underwrite the scheme).
It can also underwrite misgovernment and malfeasance.
No one will underwrite you".
Two moves underwrite this idea.
Why underwrite unprofitable loans?
If they underwrite six big IPOs, great.
I helped underwrite that film.
Nature underwrites the underwriters.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com