Sovereign Debt Crisis

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

    Every new sovereign brings his own ministers.
    Chinese proverb.

    The debt was the most sacred obligation incurred during the war. It was by no means the largest in amount. We do not haggle with those who lent us money. We should not with those who gave health and blood and life. If doors are opened to fraud, contrive to close them. But don’t deny the obligation, or scold at its performance.
    Rutherford Birchard Hayes (1822–1893)

    The amelioration of the world cannot be achieved by sacrifices in moments of crisis; it depends on the efforts made and constantly repeated during the humdrum, uninspiring periods, which separate one crisis from another, and of which normal lives mainly consist.
    Aldous Huxley (1894–1963)