Sovereign Debt Crisis

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

    “The obligation of subjects to the sovereign is understood to last as long, and no longer, than the power lasteth by which he is able to protect them.”
    —Thomas Hobbes (1588–1679)

    “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)

    “I know my fate. One day my name will be tied to the memory of something monstrous—a crisis without equal on earth, the most profound collision of conscience, a decision invoked against everything that had previously been believed, demanded, sanctified. I am no man, I am dynamite!”
    —Friedrich Nietzsche (1844–1900)