Word: defaulters
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Dates: during 1980-1989
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Poland. Haig argues that forcing U.S. banks to call a default on their loans to Poland would distress the allies without helping to moderate the behavior of Warsaw's martial-law regime. Weinberger considers default a potentially usable option. Says one State Department official: "Cap wants to engage in economic warfare. He wants to hurt the other...
...date, Haig has won most of these clashes: the Reagan Administration is pursuing arms-control talks with the Soviets, and it has not called a default on the Polish loans. But he cannot be sure that his advantage will hold. While Reagan has been listening to Haig on policy, the Secretary of State never will have the kind of intimacy with the President enjoyed by Weinberger, an amiable, laid-back Californian who has been close to Reagan since he drew up budgets for the Governor of the Golden State in the 1960s...
...Poland's debt to the West: "Default is an option that ought to be considered each time the loans come up. The people of Poland obviously have to be considered, and if [default is] going to force the Soviets to use more of their resources for nonmilitary means, then that ought to be considered...
Airline creditors hope that recovery comes before they must declare their borrowers in default. Some are easing repayment terms. Braniff's bankers, for example, rescheduled $161 million of debt that...
More Democrats may be elected to office in 1982 than in 1980, but such success will come from the default of the opposition, not from any bold, well-articulated alternatives to current Administration policies. Tip O'Neill still mumbles and munches...