Consolidation of power.

Fiscal consolidation.

Consolidation, however, is not reform.

Unsustainable private debt problems must be resolved by defaults, debt reductions, and conversion of debt into equity.

The Debt Death Trap

So early fiscal consolidation can be expansionary on balance.

Our Deep Debt Future

He has a lot of debts.

Tom has a lot of debts.

As with Greece, democratic consolidation was at stake.

Given the political sensitivity of these issues, fiscal consolidation will be challenging.

I don't have any debt.

But we can better achieve our objectives under an EU framework that supports, rather than impedes, national action to boost growth and employment.

In the coming years, total consolidation is set to increase to around 9 of GDP.

Fiscal consolidation and national reforms are essential and should continue.

No more debts and stupid 'investments'! .

They still have many outstanding debts.

Sovereign debts have been restructured hundreds, perhaps thousands, of times including for Germany.

Markets long ago stopped buying bonds issued by Greece, Ireland, and Portugal, and might soon stop buying paper issued by Italy and Spain or do so only at prohibitive interest rates.

What Europe and the IMF have essentially done is to convert a private debt problem into a sovereign debt problem.

The five countries in trouble will need to place tens of billions of euros in new debt and roll over even larger amounts of old debt.

But consolidating too quickly can hurt the recovery and worsen job prospects.

With oil prices collapsing, this pool of resources won t be refilled quickly.

There was also an explosion of credit card debt.

Although the consolidation of funds is a time consuming and expensive affair, this decision will be justified in the long run.

Support for increased foreign aid, debt relief and debt forgiveness comes from all sides.

Prime Minister Mikhail Kasyanov, indeed, journeys to Berlin next week in search of support for an interim deal now under negotiation.

Calls for immediate debt restructuring went unheeded.

Europe must reduce the deadweight of debt and taxes.

This will require an extensive swap of private debts for equity.

Russia's case for relief is strong.

Twitter user Parg0 noted just a portion of those debts

These communities are trapped in cycles of famine and debt.

I don't have enough money to pay my debts.

For the poorest countries in the world, a bold cancellation of debts, so that new aid is not simply recycled for debt repayments.

A vicious circle of public finance deficits, current account gaps, worsening external debt dynamics, and stagnating growth can then set in.

At a time of deep recession, such support should not be made contingent on reaching unattainable fiscal objectives. Fiscal consolidation should be a condition for the longer term aid that international organizations will have to provide.

While some countries in the past undertook adjustments of similar magnitude, a generalized consolidation of this sort is without precedent.

Fiscal consolidation should be a condition for the longer term aid that international organizations will have to provide.

A similar drachmatization of euro debts would be necessary and unavoidable.

His father had said he would not give him any and would not pay his debts.

This episode offers a few preliminary lessons on debt buybacks.

To resolve the Iraqi crisis and to consolidate a democratic system effectively means that the neo conservative vision of imposing democracy will have been defeated.

LOS ANGELES The debate over fiscal expansion versus consolidation continues to divide the developed world.

Aid and debt forgiveness will lift poor countries out of poverty