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"Greece will ask for debt relief based on the decision by the eurogroup (in November) and there are many ways this can be done," Stournaras said.
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"How can we ask a student to pay more for college before we ask hedge fund managers to stop paying taxes at a lower rate than their secretaries?" he said, invoking Ronald Reagan's effort to make everyone pay a fair share and pointing out that his immediate predecessors had to ask for debt-ceiling increases under rules invented by Congress.
Including Hazawa and Sogo, more than 10 large companies have asked for debt relief this year.
The Greeks asked for debt forgiveness; they have already had it and their remaining official debt has a 16-year maturity and an average coupon of 2.4%.
They asked for debt relief of $3.2 billion and an $8 billion commitment from different sources over several years for a kind of post-Ebola Marshall Plan.
Shinsei is also a major lender to the Hazama Corporation, which has already asked for debt forgiveness, and other general contractors are suffering, too.
The debt reduction panel should send a memo to all 535 elected members of Congress asking for debt reduction ideas, in writing.
It is now contacting individuals referred to debt collectors to remind them that they have the right to ask for their debt to be reassessed or formally reviewed.
These debt waivers, which are recorded as extraordinary profits, offset most of the extraordinary losses.In this section A different kind of package holiday The spin doctors get serious A new orbit Loop dreams The jobs challenge Pass the scaffolding Deputy heads will roll ReprintsThere is growing speculation that wobbly builders will ask for more debt waivers, maybe as early as this month.
"This power to the president to ask for a debt increase, then we have to get two-thirds of the Congress to try to prevent it from going up -- this is a creature of Congress," said Paul.
Bankers also argued that it was unfair to ask for commercial debts to be written off in Eastern Europe when the governments of the industrial countries refused to mark down their own loans.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com