The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, austerity and debt rescheduling - it takes to defuse a sovereign-debt crisis.

Related Quotes

Good governance with good intentions is the hallmark of our government. Implementation with integrity is our core passion.

— Narendra Modi

CoreGoodGood Governance

E-governance is easy governance, effective governance, and also economic governance. E-governance paves the way for good governance.

— Narendra Modi

AlsoEasyEconomic

I have nothing but contempt for the kind of governor who is afraid, for whatever reason, to follow the course that he knows is best for the State.

administrationgood-governancegovernment

Regional exchange can be a source of growth and development, and of enhancing good governance.

DevelopmentEnhancingExchange

The speed of decision making is the essence of good governance.

— Piyush Goyal

DecisionDecision MakingEssence