#debts

Well what would happen is that if Greece defaulted and couldn't pay its debts, all the Greek bonds that are held in other banking systems across Western Europe would suddenly have no value. You could as a knock-on effect create a banking crisis in Western Europe. ↗

— John Major

#banking #bonds #could #create #crisis

Eurobonds are absolutely wrong. In order to bring about common interest rates, you need similar competitiveness levels, similar budget situations. You don't get them by collectivizing debts. ↗

— Angela Merkel

#absolutely #bring #budget #common #competitiveness

Even if you were to fall into extreme financial hardship and file for bankruptcy, you need to understand that your student loan debt will not be discharged in bankruptcy. It is the Velcro of all debts. ↗

— Suze Orman

#debt #debts #discharged #even #extreme

Everyone in our society has had to make a contribution towards dealing with the debts. ↗

— George Osborne

#dealing #debts #everyone #had #make

And that's the one thing that people do not understand is that we have very low interest rates and if those go back to historical levels or even go back to scary thoughts that they're back in the late '70s, early '80s, then that's going to really be hard to actually pay off those debts. It's going to be a - it's going to be a very big problem. ↗

— Ben Quayle

#back #big #big problem #debts #early