sovereign debt crises

CACD Inglês (Brazil)
38 words 16 learners

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Full list of words from this list:

words only definitions & notes
  1. debt
    the state of owing something, especially money
    In due course, Greece would default, or the debt would be restructured. Forbes (Jul 7, 2015)
  2. default
    fail to pay up
    In due course, Greece would default, or the debt would be restructured. Forbes (Jul 7, 2015)
  3. contagion
    the communication of an attitude among a number of people
    Investors sold bonds issued by Italy, Spain and Portugal on fears that these weaker economies might suffer some contagion in terms of market confidence. Washington Post (Jul 6, 2015)
  4. bond
    a certificate of debt issued by a government or corporation
    Quantitative easing took things a step further, by trying to push investors to take more risk by making government bonds unattractive. Wall Street Journal (Jul 7, 2015)
  5. solvency
    the ability to meet maturing obligations as they come due
    If the bewildered country votes to accept the measures, it will stay in the EU and walk a safe path toward solvency. MSNBC (Jun 29, 2015)
  6. bail out
    secure the release of someone by paying money
    Those include tougher banking supervision and a pot of money to bail out troubled governments. US News (Jul 4, 2015)
  7. write down
    reduce the estimated value of something
    My proposal begins with government action to write down the value of all euro-denominated contracts enforced within Greece. Forbes (Jul 5, 2015)
  8. fallout
    any adverse and unwanted secondary effect
    The government will do "whatever is necessary" to protect the UK's economy against the fallout from Greece's bailout referendum, George Osborne has told MPs. BBC (Jul 6, 2015)
  9. backslide
    return to a lower level, as in one's morals or standards
    The Western focus on Iran’s perceived backsliding has been persistent. Los Angeles Times (Jun 29, 2015)
  10. referendum
    a legislative act referred for approval to a popular vote
    It said the results of the Greek referendum were a victory for democracy. BBC (Jul 7, 2015)
  11. exit
    move out of or depart from
    "If they cannot settle their differences, the euro zone leaders should agree on Greece to exit the euro in a planned manner," he said. Reuters (Jul 7, 2015)
  12. austerity
    excessive sternness
    What was obvious is that austerity without radical restructuring would inevitably lead to default, if not now, then somewhere not too far down the line. Forbes (Jul 7, 2015)
  13. underemployed
    employed only part-time when one needs full-time employment or not making full use of your skills
    “I do not separate the civil-rights issue from the fact that 50 percent of African-American young people are either unemployed or underemployed. ” Salon (Jul 6, 2015)
  14. ballot
    a document listing the alternatives that is used in voting
    Each fan could cast up to 35 ballots in online voting. Washington Times (Jul 5, 2015)
  15. departure
    the act of leaving
    But it's shorter than saying "Greece's departure from the group of 19 countries that share a single currency, the euro." US News (Jul 7, 2015)
  16. constrain
    restrict
    Finding the means to get going as an entrepreneur is still a challenge, however, in an era of constrained bank lending. The Guardian (Jun 20, 2015)
  17. creditor
    a person to whom money is owed by a debtor
    Some reports said the Greek government was planning instead to present new proposals to its creditors Wednesday. Los Angeles Times (Jul 7, 2015)
  18. devalued
    lowered in value
    Argentina abandoned its peg and paid its domestic creditors in devalued pesos. Wall Street Journal (Jul 5, 2015)
  19. bankruptcy
    a legal process for a corporation declared to be insolvent
    Like U.S. states, Puerto Rico, a commonwealth, cannot file for bankruptcy protection. Reuters (Jul 7, 2015)
  20. brinkmanship
    act of pushing a dangerous situation to the edge of disaster
    Tsipras was vindicated after gambling the future of his 5-month-old coalition government — and his country — in an all-or-nothing game of brinkmanship with Greece's creditors. US News (Jul 6, 2015)
  21. budget deficit
    an excess of expenditures over revenues
    It is basically the current budget deficit adjusted to strip out the cyclical nature of the economy. BBC (Jul 6, 2015)
  22. collapse
    break down, literally or metaphorically
    Cypriots know better than most the effects of a financial crisis - its biggest banks nearly collapsed in 2013, amid heavy exposure to Greek debt. BBC (Jul 7, 2015)
  23. baleful
    threatening or foreshadowing evil or tragic developments
    At the time, Jamaican politicians were able to point to baleful threats coming from Washington as a reason not to move forward. Salon (Jan 27, 2015)
  24. debtor
    a person who owes a creditor
    The message will be that Europe’s other debtor nations can also use political extortion to block pro-growth reform. Wall Street Journal (Jul 5, 2015)
  25. outstanding
    owed as a debt
    The total amount of outstanding student loans is $1.2 trillion. Wall Street Journal (Jul 7, 2015)
  26. curtail
    terminate or abbreviate before its intended or proper end
    These measures have done little to curtail Puerto Rico’s crisis, and have arguably made it worse.
  27. bondholder
    a holder of bonds issued by a government or corporation
    “Every time Chapter 9 is used, bondholders get destroyed,” said one creditor source. Reuters (Jul 3, 2015)
  28. hedge fund
    a flexible investment company for a small number of large investors (usually the minimum investment is $1 million); can use high-risk techniques (not allowed for mutual funds) such as short-selling and heavy leveraging
    Hedge funds and individual American investors held billions more in Puerto Rican debt, the firm said. Los Angeles Times (Jul 6, 2015)
  29. credit rating
    an estimate, based on previous dealings, of a person's or an organization's ability to fulfill their financial commitments
    The credit ratings agency noted however that Hostess's market share is still below pre-bankruptcy levels. Reuters (Jul 7, 2015)
  30. sound
    in good condition; free from defect, damage, or decay
    Diplomats who last week emphasized the urgency of finishing work by the deadline said the important goal now was producing a sound deal. Los Angeles Times (Jul 7, 2015)
  31. tax break
    a tax deduction that is granted in order to encourage a particular type of commercial activity
    As 2012 neared to a close, those tax breaks were all set to expire. Forbes (Jun 30, 2015)
  32. reckoning
    problem solving that involves numbers or quantities
    And the deal would only postpone Puerto Rico’s inevitable reckoning. New York Times (Jun 28, 2015)
  33. relief
    the act of reducing something unpleasant
    Eventually, there will have to be agreement on some kind of debt relief as well, otherwise Greece will continue to sink. BBC (Jul 7, 2015)
  34. squeeze
    obtain by coercion or intimidation
    But for nonessential goods, in particular luxury items, Greek importers are starting to feel the squeeze. Wall Street Journal (Jul 4, 2015)
  35. depression
    a long-term economic state with unemployment and low prices
    The “Grexit” option would also likely lead to a prolonged depression in Greece and a potential humanitarian disaster. Time (Jul 5, 2015)
  36. pay off
    eliminate by paying off (debts)
    Without new loans, Greece won’t be able to pay off its old loans. Time (Jul 2, 2015)
  37. loan
    the temporary provision of money (usually at interest)
    President Barack Obama on Tuesday and briefed him on Greece's request for a rescue loan from its euro zone partners. Reuters (Jul 7, 2015)
  38. rescue
    free from harm or evil
    They expect to hear new Greek proposals for rescue that will then be discussed by government leaders at a summit later in the day. Reuters (Jul 7, 2015)
Created on Tue Jul 07 11:46:49 EDT 2015 (updated Tue Jul 14 10:46:47 EDT 2015)

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