Tom won't escape punishment.

But no one escapes punishment.

The Euro Zone s Default Position

Predictions of outright default are far fetched.

Credit Default Swaps on Trial

How do you live with your man, he will escape you.

I guess no girl ever gets away from it, really.

No country will escape the harmful consequences of these changes.

Avoiding default may be possible, but it will not be easy.

Nor does Greece s default history inspire confidence.

Second, we should consider how much death and suffering would be avoided by letting such a ruler and his henchmen go free.

Investors have now learned that the first to sell will avoid losses.

Credit default swaps (CDS) are particularly suspicious instruments.

The gaps between German bond yields and Italian and Greek yields are at record levels. The price of default insurance has tripled.

The price of default insurance has tripled.

Argentina's collapse incited the largest default in history.

The most recent threat of a US debt default has been avoided, but only temporarily.

Who is averted from (such a torment) on that Day, (Allah) has surely been Merciful to him.

Whoever is spared on that Day He had mercy on him.

Whosoever has been spared chastisement on that Day, Allah has bestowed His mercy upon him.

He from whom (such retribution) is averted on that day, (Allah) hath in truth had mercy on him.

(Indeed, by most accounts, it is about to default.)

If Greece defaults, an enormous amount of speculation will be possible.

And whosoever opposes Allah, then verily, Allah is Severe in punishment.

Verily, My Plan is strong.

Whoever opposes God God is stern in retribution.

My plan is firm.

Great is My scheme!

My scheme is firm.

Indeed, CDSs are blamed as one of the main causes of the financial crisis.

Unless these challenges are confronted collectively by the entire international community, no one will be spared the grave consequences.

Instead of defaulting, countries arranged rescue packages with the IMF.

The costs of default depend on how messy things become when payments stop.

But markets are already assigning a high probability to a Greek default.

But, for the most part, the sovereign default process is slow motion Kabuki theater.

But after a government funding default in 1998, the much delayed public funding of the project finally stopped.

In South America, the big crunch came after Russia's default of August 18, 1998.

The consequences of a US default have rightly been described with growing alarm as the risk increases.

On January 22, the ECB took decisive action to protect the eurozone from a possible Greek default.

No one knew the real value of credit default swaps and of the various tranches of collateralized debt obligations.

There, too, governments widely guaranteed private sector debt, and then proceeded to default on it.

Some form of default will almost surely be forced upon Greece, and this may be the most preferable alternative.

As prime minister, Yushchenko saved his country from financial default in early 2000.

Can Greece, with the EFSF s help, obtain debt relief while avoiding default?

The ECB s new policy was designed to protect the euro from the consequences of a Greek exit or default.