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In his victory speech, newly elected Prime Minister Alexis Tsipras vowed to renegotiate a deal with Greece's creditors to alleviate the strict fiscal rules imposed on the country after it received its second bailout since 2010.
This time around, the greater peril for Greece's neighbors and allies is the political fallout that could follow a failure of Athens' revolving-door leaderships to alleviate the pain from creditor-demanded austerity measures that have shriveled the economy and boosted unemployment to 26%.
Northern Europe comes south, easing the pain of austerity.A good tourist season in Spain may herald recovery; in Greece it could raise hope that creditors will eventually alleviate its debt.
Nor can they alleviate the concerns of shareholders and creditors who worry about the financial viability of these efforts.
Theoretically, allowing for a transfer of control to creditors when a firm is in default can alleviate agency problems resulting from the separation of ownership and control, as well as conflicts of interest between debt and equity holders (Jensen and Meckling, 1976).
To alleviate that problem, Mr. Köhler urged the new government to resolve its problems with creditors here and abroad, who are owed $102.7 billion.
While the settlement with investors in the Baptist Foundation is good news for Andersen, it does not alleviate the pressure on the firm to settle claims brought by Enron's investors and creditors, lawyers said.
To alleviate this hardship a debtor was given the privilege of relinquishing voluntarily his assets to his creditors by petitioning a magistrate (cessio bonorum).
He'll alleviate those problems".
The new policy should alleviate the problem.
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CEO of Professional Science Editing for Scientists @ prosciediting.com