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Faced with a serious balance of payments problem in 2008, it turned to global institutions led by the International Monetary Fund for $25 billion in aid.
While this merger may postpone recognition of a serious balance sheet hit, it will actually hinder the new entity's competitive position against other telecom companies that are showing vastly deflated asset values.
"Clearly the company does not believe that it has a serious balance sheet problem, and it simply refuses to take what it believes are fire sale prices for its key assets," says Richard Bove, an analyst at Ladenburg Thalmann.
I will admit there is a serious balancing act in order to have a family and a successful marriage.
Fauré's Pavane (Op. 50) was given a similar treatment, though with serious balance problems, stemming partly from the amplification of Mr. McFerrin's voice and partly from erratic horn playing.
In a concert of Brahms and Schumann works at the 92nd Street Y in December, the usually reliable David Jolley became ensnared in every tangle a hornist can encounter (or create), including serious balance issues in ensemble pieces.
May should listen to her chancellor on the risks she is taking when the economy is already struggling with serious balance of payments and budgetary problems – just think of all the lost revenue and export potential if crucial manufacturing and financial institutions relocate!
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Retail Lead Linguist @ Apple Inc.