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I suspect the honest truth is that, because of financing constraints, probably only at the margin".
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Staffing implications need to be understood in the context of serious shortages, mal-distribution of staff and financing constraints [ 1].
Dozens of large-scale projects have already been canceled or delayed because of the fall in prices and financing constraints.
The pace of consolidation should reflect the size of adjustment needs, the state of the economy, and financing constraints.
This, in turn, alleviates financing constraints by reducing the cost of external capital for subsidised projects.
We also discuss implications of our model for optimal security design and endogenous financing constraints.
The suggestions go from quantitative easing (hopefully driving down the euro), and/or the ECB funding for lending, and/or a relieving of public finance constraints.
They adapt by relying on a range of other mechanisms to relieve the financing constraint.
Given a present world of severe public finance constraints, this gap requires attention.
The other problem is a financing constraint on the number of spots in hospital residency programs.
Mr. Miller declined to comment, but his aides said there was a cut in the financing because of budget constraints.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com