Funds belonging to shareholders, as opposed to debts.

Unfortunately, their debts would still be payable in euros.

Basically, these debts would likely remain in euro denominations.

D. External Nonconcessional Loans Contracted or Guaranteed by the Government of Niger

The economic crisis in Iceland involved all three of the country's major banks.

New nonconcessional external debt contracted or guaranteed by the central government or the BM or selected

that some countries, especially in third world, are strangled by debt.

However, not all external debts of these countries were acquired after independence.

The German delegation signs the London Debt Accords on 27 February 1953.

The German delegation during the signing of the London Agreement on German External Debts, 27 February 1953.

However, not all external debts of these countries were acquired after independence.

Guaranteed external debts from state-owned enterprises also remain elevated at about 17 per cent of GDP.

That was the year of the Agreement on German External Debts.

Exhibit 8: Turkey External Short-Term Interbank Debts and Assets

Chad is no longer able to meet its internal and external debt obligations.