History is full of debt moratoriums and failures.
A debt moratorium is in place temporarily, but the bills will continue to stack up.
The early years of the Republic of Ecuador were spent under debt moratorium on the international financial market.
In fact, the spread in prices between similar securities rose to three times their historical levels after the Russian debt moratorium.
Russian banks are currently operating under the protection of a 90-day debt moratorium.
For example, Argentina has hinted it may impose a debt moratorium.
Russian banks and their foreign creditors are to discuss the debt moratorium on Monday.
A debt moratorium was imposed on new bank licenses.
They said they would continue to press for a complete debt moratorium.
A debt moratorium is a delay in the payment of debts or obligations.
