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A week after slashing Portugal's status, Moody's cut Ireland's credit rating to junk and warned that the country would be likely to require a second bailout.
In the white paper, the authors point out that such changes would be likely to require securities regulators and stock exchanges to establish new rules.
Although short on detail, the change would be likely to require some form of ID to become part of the payment process – the name of the account holder or some other notifier, such as a mobile phone number.
Even if alternatives could be found, they would be likely to require deep cuts in wages and other benefits that union members, who must approve any tentative settlement, could find impossible to accept.
They do say, however, that any such proposal would be likely to require a regulatory review, and even a full public value test, which would probably take many months.
The UK government and Bank of England would be likely to require a deal on tax policy and borrowing and also control sterling interest rates to ensure Scotland's economy did not threaten sterling's value or the UK's economic interests.
Similar(46)
The first is likely to require large (very large) longitudinal cohorts of extensively characterized individuals – like the All of Us Research Program.
Regardless, it is likely to require significant ongoing subsidy.
This is likely to require different contractual arrangements from now.
This, however, is likely to require a long-term focus.
An aging plant is likely to require increased attention, not less, he said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com