Consequences
Creditors of the state as well the economy and the citizens of the state are affected by the sovereign default.
Read more about this topic: Sovereign Default
Famous quotes containing the word consequences:
“Every expansion of government in business means that government in order to protect itself from the political consequences of its errors and wrongs is driven irresistibly without peace to greater and greater control of the nation’s press and platform. Free speech does not live many hours after free industry and free commerce die.”
—Herbert Hoover (1874–1964)
“The horror of Gandhi’s murder lies not in the political motives behind it or in its consequences for Indian policy or for the future of non-violence; the horror lies simply in the fact that any man could look into the face of this extraordinary person and deliberately pull a trigger.”
—Mary McCarthy (1912–1989)
“Results are what you expect, and consequences are what you get.”
—schoolgirl’s definition, quoted in Ladies’ Home Journal (New York, Jan. 1942)