Their state enterprises are overborrowed
, and they're now precisely in the process of cleaning up their own financial system.
The last time home prices rose dramatically, creating an abundance of equity, many homeowners overborrowed
, up to 100 percent of their home equity, in some cases.
While Zambia hasn't overborrowed
in the international debt capital markets, the fragility of its domestic economy has come to light as a result of external and internal pressures, and a meaningful drive to diversify its economic base away from copper and to bump up tax collection will likely be two major conditions of an IMF deal.
They had overspent and overborrowed
. People feared for their livelihoods and for their families' security.
As a nation we are grossly overborrowed
and all this would do is increase the congestion in the South East, not the other way round, as the Government will tell us.
Yun adds, "What's worrisome is the 10 percent of the students who overborrowed
. They are essentially out of the homebuying market.
the most part, Argentina overborrowed
and fell victim to its own
No wonder governments have overspent, overborrowed
, and overpromised, especially on worker pensions.
Some nations have already overborrowed
; others wish to avoid that fate.
Enda Kenny said: "In many cases, people went to banks and lending institutions and overborrowed
and were over-lent, and unfortunately, because of the economic decline and the impact of the recession, people with mortgages are having difficulties.
Excess capacity above line limit $ 400,000 A typical agreement would require that the amount overborrowed
be immediately repaid to the lender.
At stake is a 12-billion euro aid tranche under the EU/IMF bailout agreed last year, as well as additional loans needed to plug a funding gap next year as the overborrowed
country is unlikely to return to bond markets in 2012.