The debtor nations cannot pay and so reduce the value of their currency which means the paper money is worth less.

Clearly, in many of the major debtor nations, growth has not been sufficient.

In effect, the debtor nation can buy back notes on its own debt at a discount.

Today we are the largest debtor nation in the world.

We have the dubious distinction of being the largest debtor nation in the world.

You need to get your economy moving; we're now a debtor nation and have homeless.

"We were never meant to be the world's greatest debtor nation," he said.

But the move against Brazil is aimed at a leading debtor nation.

Because of this we, too, have become a debtor nation.

Since that time, many debtor nations have indeed stopped paying interest.