Tom won't escape punishment.

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.

The Euro Zone s Default Position

Predictions of outright default are far fetched.

Credit Default Swaps on Trial

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

Nor does Greece s default history inspire confidence.

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.

The first place finisher will avoid the powerful Dutch, the leaders of the other bracket, for a bit longer when the quarter finals begin.

Argentina's collapse incited the largest default in history.

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

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

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

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

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

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

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

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

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.

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

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.

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.

The healthy borrowers worried that creditors would demand higher rates if the penalties for default softened.

The risk of default or debt restructuring induces creditors to be more careful in their lending decisions.

How long does default last before the country can reach an agreement with its creditors?

Something started to cause investors to fear that Greek debt had a slightly higher risk of eventual default. Lower demand for Greek debt caused its price to fall, meaning that its yield in terms of market interest rates rose.

Something started to cause investors to fear that Greek debt had a slightly higher risk of eventual default.

Now Tsipras thinks he holds another trump card Europe s fear of a Greek default.

August 2 came and went, with no default, but, three days later, a Friday, Standard amp

When Argentina defaulted in the 1890's, European investors simply discovered a new fashion investment in Russia.

The crises in Ireland and Greece called into question the euro s viability and raised the prospect of a debt default.

If there is more equity, then logically debt should be cheaper, as the company (or bank) is better insulated from default.

By being less concerned with preventing default, we can make risk and reward more congruent with each other.

Modern finance has succeeded in creating a default dynamic of such stupefying complexity that it defies standard approaches to debt workouts.

Indeed, Argentina s economy would be better off today if Argentina had borrowed in terms linked to its GDP decades ago rather than at an interest rate denominated in dollars.

As for Europe, the Kirchner s have not yet paid off Argentina s debt pending since the default to the Paris Club of sovereign creditors.

Like most Americans, China s leaders believe that the US will ultimately dodge the bullet of an outright default.