Sovereign Debt Crisis

Famous quotes containing the words sovereign, debt and/or crisis:

    “Before he left, Aunt William pressed a sovereign into his hand guiltily, as if it were conscience money. He, on his side, took it as though it were a doctor’s fee, and both ignored the transaction.”
    —Ada Leverson (1862–1933)

    “Let every man, every corporation, and especially let every village, town, and city, every county and State, get out of debt and keep out of debt. It is the debtor that is ruined by hard times.”
    —Rutherford Birchard Hayes (1822–1893)

    “The easiest period in a crisis situation is actually the battle itself. The most difficult is the period of indecision—whether to fight or run away. And the most dangerous period is the aftermath. It is then, with all his resources spent and his guard down, that an individual must watch out for dulled reactions and faulty judgment.”
    —Richard M. Nixon (1913–1995)