The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, austerity and debt rescheduling - it takes to defuse a sovereign-debt crisis.
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"The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, austerity and debt rescheduling - it takes to defuse a sovereign-debt crisis." — Andrew Ross Sorkin #politicsgovernment
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The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, austerity and debt rescheduling - it takes to defuse a sovereign-debt crisis. — Andrew Ross Sorkin
About Andrew Ross Sorkin
Andrew Ross Sorkin was a Journalist from United States (1977–present).
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Who said "The moment a large investor doesn't believe a government will pay back its debt…"?
This quote is attributed to Andrew Ross Sorkin, a Journalist from United States.
When did Andrew Ross Sorkin live?
Andrew Ross Sorkin lived from 1977 – present.
What is this quote about?
This quote touches on Politics & Government. Browse more quotes on these themes from the categories page.