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If there is to be a default, then it might as well be a big one, with a large haircut on creditors that gives Greece relief and a greater chance of recovery.
But in his own mind Mr. Rickman had merely jumped from one intense experience to another, and he was thoroughly focused on "Creditors".
If Greece defaults that's tough on creditors, but it shouldn't affect the new currency one whit.
But imposing blanket losses on creditors is still taboo.
But new rules to impose losses on creditors will not come fully into force until 2016.
That could mean restructuring debts, imposing losses on creditors and helping banks in danger of collapse.
It's calling on creditors to offer greater protection to those who are classed as being vulnerable.
Thepanel will negotiate on creditors' behalf as the airline restructures its operations and sheds debt.
In our recent paper, we shed light on creditors' active role in corporate governance at firms outside of bankruptcy.
A bank collapse could also be prevented by increasing the burden on creditors in the event of failure, Schoar said.
After a lot of talk, Ireland's bail-out package, led by the European Union, did not impose losses on creditors.
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