Sovereign Debt Crisis

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

    Every new sovereign brings his own ministers.
    Chinese proverb.

    It is a well-settled principle of the international code that where one nation owes another a liquidated debt which it refuses or neglects to pay the aggrieved party may seize on the property belonging to the other, its citizens or subjects, sufficient to pay the debt without giving just cause of war.
    Andrew Jackson (1767–1845)

    The age of puberty is a crisis in the age of man worth studying. It is the passage from the unconscious to the conscious; from the sleep of passions to their rage.
    Ralph Waldo Emerson (1803–1882)