The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, austerity and debt rescheduling - it takes to defuse a sovereign-debt crisis.
Andrew Ross SorkinRelated topics
believe confidence debt fiscal fraught good government investor large moment patience pay years restructuringRelated quotes
If the stars should appear one night in a thousand years, how would men believe and adore and preserve for many generations the remembrance of the city of God which had been shown But every night come out these envoys of beauty, and light the universe with their admonishing smile.
Ralph Waldo Emerson
Sir, money, money, the most charming of all things money, which will say more in one moment than the most elegant lover can in years. Perhaps you will say a man is not young I answer he is rich. He is not genteel, handsome, witty, brave, good-humored, but he is rich, rich, rich, rich, rich that one word contradicts everything you can say against him.
Henry Fielding
A house divided against itself cannot stand. I believe this government cannot endure permanently half-slave and half-free. I do not expect the Union to be dissolved I do not expect the house to fall but I do expect it will cease to be divided. It will become all one thing or all the other.
Abraham Lincoln
If the book is good, is about something that you know, and is truly written, and reading it over you see that this is so, you can let the boys yip and the noise will have that pleasant sound coyotes make on a very cold night when they are out in the snow and you are in your own cabin that you have built or paid for with your work.
Ernest Hemingway