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A sovereign default is the failure or refusal of the government of a sovereign state to pay back its debt in full when due. Cessation of due payments (or receivables) may either be accompanied by that government's formal declaration that it will not pay (or only partially pay) its debts (repudiation), or it may be unannounced. A credit rating agency will…
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debt default sovereign state government pay may debts interest crisis countries states back financial currency capital foreign due governments defaulted
| Subject | Predicate | Object | Confidence | Src |
|---|---|---|---|---|
| Sovereign default | is a | failure or refusal of the government of a sovereign state to pay back its debt in full when due | 0.90 | text |
| Sovereign default | is a | presence of significant debts owed to foreign investors such as banks who are unable to obtain timely payment via political support from governments | 0.90 | text |
| reducing corruption | instance of | it has made such loans conditional on action | 0.80 | text |
| imposing austerity measures such as reducing non-profitable public sector services | instance of | it has made such loans conditional on action | 0.80 | text |
| raising the tax take | instance of | it has made such loans conditional on action | 0.80 | text |
| banks who are unable to obtain timely payment via political support from governments | instance of | A reversal of global capital flowsUnwise lendingFraudulent lendingExcessive foreign debtsA poor credit historyUnproductive lendingRollover riskWeak revenuesRising interest rates… | 0.80 | text |
| supranational courts or negotiation | instance of | A reversal of global capital flowsUnwise lendingFraudulent lendingExcessive foreign debtsA poor credit historyUnproductive lendingRollover riskWeak revenuesRising interest rates… | 0.80 | text |
| asset seizure | instance of | except without the possibility of the exercise of normal creditors' rights | 0.80 | text |
| sale | instance of | except without the possibility of the exercise of normal creditors' rights | 0.80 | text |
| Estonia | instance of | successor states | 0.80 | text |
| Russia | instance of | successor states | 0.80 | text |
| Georgia | instance of | successor states | 0.80 | text |
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