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"We're hearing from more people in serious debt difficulty as a result of debts totalling less than £5,000.
And just as ordinary Greeks were made to bear the brunt of a financial crisis that was not of their doing, KPFK's staff members are facing cuts as a result of debts created by others.
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One in four African-Americans has felt anxiety or depression as a result of debt, the survey found.
Mr Cavallo claims that $5 billion will be saved in lower interest payments as a result of debt restructuring.
Unless banks suffer write-downs as a result of debt restructuring, how can they be expected to learn the appropriate lessons?
Credit Suisse also cited "deteriorating economic indicators, particularly in the U.S". Earnings at Swiss banks were additionally burdened because the Swiss franc appreciated against major currencies as a result of debt troubles in Europe and the United States.
Demand for currencies like the Japanese yen and Swiss franc, seen as relatively safe assets to hold in turbulent times, have surged in recent weeks, driving up their value as investors have dumped dollars and euros as a result of debt worries in the United States and Europe.
Worries about a new flare-up in the euro zone's debt crisis fed through to the bank sector, whose lenders could be hit with new writedowns and bad debts if the region's economy weakens as a result of debt problems in countries such as Italy and Spain.
As we have seen with Uganda - where pupil teacher ratios as a result of debt relief will fall from 100-to-1 100-to-1 100-to-1ery child atoschool will have a roof above their head – faster and deeper debt relief, accompanied by aid focused on poverty reduction, will be the essential foundation for meeting the 2015 targets.
The 99-year-old Woolworths chain collapsed last November as a result of mounting debts and sliding sales.
In fact, the dangers that are now facing Europe as a result of socialising debts are far greater than those posed by a mere potential financial crisis.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com