creditor state

I would also like to remind you that any possible decisions regarding rescheduling, or reduction of the applicable rates, is a matter for the creditor states.

For example, if a creditor states that they forgive a certain debt, they might be blocked (or estopped) from attempting to collect that debt later.

There is a widespread resentment in Ireland that taxpayers were sacrificed for the greater cause of Europe without receiving any acknowledgement from the EU's creditor states.

To rescind a reaffirmation agreement, you must mail a written notice to the creditor stating that you are withdrawing your decision to reaffirm and revoking the agreement.

Russia has offered to hold its next round of debt talks with creditor states in the Club of Paris June 2-3, Deputy Prime Minister Alexander Shokhin said Tuesday.

Europe's plans for treaty changes to enforce fiscal discipline in the eurozone may fall foul of popular anger in Ireland unless the EU creditor states agree to share more of the pain.

Consequently, the major part of this debt must be rescheduled within the framework of the Paris Club which brings together the principle creditor states and which, Mrs Aelvoet, will meet during the first six months of this year.

Later on the debtor states (egged on by their people) went on an orgy of borrowing and spending, and the creditor states (and their businesses) profitted from an over-generous exchange rate and a wave of property speculation in Club Med.