Argentina has not made any interest payments on its $60 billion debt since April 1988.
Long enough, she hoped, to be able to buy seed for the garden, food for their meals, and to make small payments on her debt.
Iraq stopped making payments on its debt after its invasion of Kuwait.
One is to induce debtors to make a greater effort to make good on their debt.
He had another twenty-three minutes yet to make good on his debt.
Mexico made small payments on its debt from 1923 to 1927.
The Government blames the huge payments it must make on the country's $116 billion foreign debt.
Cairo needs the income to pay for food imports and to make limited repayments on its foreign debt, in excess of $45 billion.
It said Algoma would not be able to make an interest payment on its debt due next month.
A little more than a year later, the company failed to make payments on its debt and filed for bankruptcy.