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Officials say repaying the vast debt will be "difficult but not impossible".
Default might seem to be an attractive option because Nicosia would suddenly shrug off a vast debt load.
Mr Liddy, meanwhile, will be urged to earn his dollar by disposing of AIG's assets and cutting the group's vast debt to the taxpayer.
The public has resisted past efforts by some politicians to revamp Japan's pacifist constitution, and the nation's vast debt will limit how much military aid it can extend.
The last decade's vast debt overhang hasn't gone away; it's merely been sidestepped temporarily with the aid of monetary jiggery-pokery.
Kanye West may have said on Monday night that he owes Taylor Swift a more personal apology, but Jay Leno owes Mr. West a vast debt of gratitude.
Similar(39)
By this account they are simply another part of a vast, debt-dependent ecosystem that is now being starved of oxygen.
And what of the rest of Russia's businesses: the vast debt-ridden hinterland of energy-thirsty factories; the oil-and-gas empires, almost sovereign states in their own right; or the drink-sodden collective farms and squalid food-processing plants, and the decrepit shops?Even before the crash this part of Russian business had been unable to reform itself.
After they married, Svetlana paid off his vast debts.
Before the crisis the overpriced assets held by banks and households were accompanied by vast debts.
What about restructuring Greece's vast debts, which Tsipras had also said would be part of the deal?
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com