We had to write off the debt.

In such cases, all creditors would be better off with a debt write down than with dissolution.

In promising that Germany would suffer no debt write off, Chancellor Angela Merkel made a promise she couldn t keep.

In 2005, President George W. Bush s administration made it far more difficult for households to declare bankruptcy and write off debt.

Germany is determined to resist any debt write offs.

It's not enough to simply write people off.

The debtor needs a fresh start through a debt write off the creditor must find a way to provide one without rewarding bad behavior.

A write off may be attached to a securitisation .

But we must go beyond those to directly address the debt problem. We must be prepared to write off the debts of the poorest developing countries.

In Greece, there should have been faster and larger debt write downs.

To escape from this morass, Greece needs a massive debt write down.

When you contract a debt for a fixed period, write it down.

None of this means that we should write off Greece s EU membership.

Granted, writing off debt is essential, but it is not enough.

When you incur debt among yourselves for a certain period of time, write it down.

Yet it is still too early to write off progress toward increased European integration.

But we cannot simply write off the millions of people caught in the middle.

But several successive attempts have been made to write off debt on the basis of a number of plans the Baker plan, the Brady plan and all this has produced hardly any results.

This is hardly the first time I have stressed the need for wholesale debt write downs.

And national public debt should be held by the non bank private sector, which should suffer large write downs if debt rises to unsustainable levels.

In fact a write off has taken place at the time the loan was securitised .

O you who have believed, when you contract a debt for a specified term, write it down. And let a scribe write it between you in justice.

In return, its creditors would agree to another one time debt write off large enough to enable Greece realistically to repay its debts in the future, but small enough to avoid unnecessary transfers of credit.

Debt write downs and guarantees will inevitably bloat Germany s government debt, as the authorities are forced to bail out German banks (and probably some neighboring countries banks).

In cash terms this would mean writing off 18 billion of Third World debt.

For precisely that reason, it may well be too early to write off the single currency.

It makes clear that Greece s debts will not be sustainable without further concessional loans and an extension of existing debt maturities perhaps, it suggests, a write off of some 50 billion ( 55 billion) will also be needed.

Germany would do well to remember that it has benefited from debt write downs three times in its history.

M3 Article 5a Calculation and allocation of income resulting from the write off of euro banknotes 1 .

I say that advisedly and share, in this respect, the view taken by Mr Guillaume that it would be naive and mistaken collectively to write off the debt unless, at the same time, we work towards solutions designed to prevent a dramatic increase in debt in those countries for the future.

That pretense may reflect a useful taboo if we overtly recognize that debt write off monetization is possible, politicians might want to do it all the time and in excess, not just in circumstances that make it appropriate.

And it should clean up its banks balance sheets through debt write downs and recapitalization before undertaking full financial liberalization.

The investment division of the bank had gambled on subprime securities and was forced to write off billions.

If a debt bailout program requires a wholesale change in a country s economic, social, and political model, the best course of action might be to write off the private losses, rather than pour in public money to cover them.

No scribe should refuse to write let him write as God has taught him, let the debtor dictate, and let him fear God, his Lord, and not diminish the debt at all.

The Governing Council may decide to write off withdrawn euro banknotes , in which case it shall specify the write off date and the total amount of the provision to be made for those withdrawn euro banknotes that are still expected to be exchanged .

Above all, any realistic strategy for dealing with the eurozone crisis must involve massive write downs (forgiveness) of peripheral countries debt.

Therefore an adjustment , by the amount involved in the write off ( 50 ) , is reported to correctly calculate the flow .

With slow growth and stalled economic reforms, financial markets were about to write off Mexico as a lost cause.

It was also obvious that the private sector debt write down of 2012 would have to be followed by an official one.

But, as Greeks suffering intensified, policymakers pressed private sector banks and other bondholders to write off most of their claims.

Under this program, creditor countries would write off Greece s debts, on the condition that the country left the eurozone voluntarily.

ACP partners are asking us to write off this debt and if the partnership, which is claimed to be the best ever known between the developing and the developed world, is to be real and meaningful we must accede to the request.

And privatizations should aim at higher sale prices to pay off debt that many (privately) agree is unsustainable.

They can provide free online medical and education support, more development aid, debt write downs, market access, and greater contributions to global security.