And passengers are full of problems.

Can you identify the problem areas?

Troubled children often lack any sense of guilt.

Bank loans have started to increase, but small borrowers, new borrowers, and start up companies are regularly refused.

Borrowing countries such as Argentina or the Ottoman Empire regularly defaulted. They were then punished for a few years by not having access to international capital markets.

Consequently, credit growth remains unchecked until an unforeseen event triggers China s Lehman moment. Should this happen, growth will collapse, many borrowers will default, and financial chaos could ensue.

Borrowing countries such as Argentina or the Ottoman Empire regularly defaulted.

Should this happen, growth will collapse, many borrowers will default, and financial chaos could ensue.

Non performing loans in the banking sector and unemployment continue to rise in many countries.

We want our experience to inspire other trouble regions so that we can help humankind.

The healthy borrowers worried that creditors would demand higher rates if the penalties for default softened.

At first, Turkey s central bank acted as lender of last resort, keeping bad banks afloat.

They were given the choice to relocate to a less problematic area as the state media described, or to leave the country.

The biggest problem areas are concentrated in sub Saharan Africa, the Andean region, and Central Asia.

But non prime borrowers about one third of US households do not have much access to mortgages and credit cards.

After all, if they defaulted on their loans, the banks would repossess the house at a higher value.

As a result, banks, borrowers, and governments are dragging each other into a vicious downward spiral.

But that misses the key point Spain, Ireland, and many other distressed countries ran budget surpluses before the crisis.

There have been embarrassing security lapses at nuclear facilities, and sensitive material is often inadequately secured.

Borrowers, in turn, use these foreign loans to increase their accumulation of private assets held abroad, even as strict budget discipline and free capital movement implemented in line with IMF and World Bank structural adjustment programs have led to skyrocketing interest rates.

This is exacerbated by the fact that borrowers can deduct only nominal interest payments when calculating their taxable income.

After all, if the economy is to grow again, banks need borrowers, but the recession has led entrepreneurs to cut their investments.

First, it does not require government regulators to decide how much individual assets are worth, because private markets value toxic assets.

Still troubled financial systems and huge fiscal deficits are keeping the West s deficit countries (especially the US) from expanding domestic demand.

Abandoning the euro, for example, would cripple the continent s banking system, affecting both Germany and the affluent north and the distressed countries in the south.

Indeed, it is now clear that governments prevented a full scale collapse of the financial system in 2008 by transforming toxic private debt into public debt.

Dorogi.teron.ru has been created by Denis Smagin, a local IT enterpreneur, back in 2008 on a base of a bug tracker software.

Politicians are allowed to modify or even completely discard some of their campaign promises if they do not fit with situations on ground after assuming office.

However, this new form of orientalism, in spite of pursuing engagement with Iran instead of war, presents its own troubling aspects.

Similarly, private borrowers can go to prison if they misrepresent their financial condition to secure bank loans.

(This may not have been a bad thing, since it turns out that large (net) borrowers in international markets tend to grow less rapidly than others.)

Greece has yet to put on its sneakers, while other troubled countries, such as Ireland, race ahead with massive fiscal adjustments. Greece s new Socialist government is hampered by campaign promises that suggested the money was there to solve the problems, when in fact things turned out to be far worse than anyone imagined.

The other side is persistent poverty, lack of development, massive environmental degradation, a widespread rural urban divide, demographic problems, and troubled banking systems.

Greece has yet to put on its sneakers, while other troubled countries, such as Ireland, race ahead with massive fiscal adjustments.

When site administrators (namely, Verbitsky himself) took no action, the infamous Hacker Hell broke into the offending accounts, and Verbitsky immediately suspended them.

The great economist Hyman Minsky s merchants of debt sold their toxic products not only to the credulous and ignorant, but also to greedy corporations and supposedly savvy individuals.

And it was Gorbachev who proclaimed that Soviet forces would not intervene to support troubled communist regimes against the will of their people a declaration aimed directly at East Germany.

In the old days, when borrowers found it impossible to make their payments, mortgages would be restructured foreclosures were bad for both the borrower and the lender.

Most observers cite the authorities concern that if any sovereign does not honor its debts, all sovereign borrowers will be penalized.

Potential borrowers have been accumulating massive reserves and pooling them regionally to protect themselves against shocks and speculative capital, but not at the Fund s urging. On the contrary, accumulating reserves beyond a certain threshold carries a high opportunity cost and suggests the need to let the currency appreciate.

To be sure, financial innovation, like lending to buyers who would not normally have qualified for mortgage loans (sub prime borrowers) also played a role.

Potential borrowers have been accumulating massive reserves and pooling them regionally to protect themselves against shocks and speculative capital, but not at the Fund s urging.

They saved the banking systems, modernized telecommunications networks, rebuilt ailing industries, raised the quality of goods, and undermined the cozy vested interests that had robbed ordinary citizens for decades.

But even as short term interest rates began to rise, the day of reckoning was postponed, as new borrowers could obtain fixed rate mortgages at interest rates that were not increasing. Remarkably, as short term interest rates rose, medium and long term interest rates did not, something that was referred to as a conundrum.

Lending to foreign governments is in many ways inherently riskier than unsecured private debt or junk bonds.