Opposition parties railed against the measures, which many Greeks complain are too draconian and will only set off a recession that will compound the debt problem.
But after the January jobs report that showed the first net loss of jobs in more than four years, Wall Street remains worried that businesses are becoming cautious about hiring and that unemployment will compound the debt problems that have hurt the markets and the greater economy.
In that vein, he was recently co-author of a paper warning that if economic conditions in Europe continue to deteriorate, the threat is very real that the banks and companies that have issued these securities will fail, thus compounding the debt burden of already fragile economies.
What's more, the seizing up of European financial markets - not to mention the collective determination of Europe's governments to cut spending, and the European Central Bank's focus on price stability - is threatening to push the entire continent into a long and deep recession, something that would merely compound the debt problems.
If you don't do that, if you keep doubling down and compounding the debt and giving these people a license to say "look, this is a pretty good business you're in because if you get to make a profit, you keep it, but if you don't, the taxpayers will come along and bail you out".
Ultimately, the growing pressures from e-commerce compounded by the debt forced the company to file for bankruptcy last year.
Fear that Europe is headed for another slowdown, which would compound the sovereign debt crisis, was responsible for driving down stock markets last week.
And because interest compounds exponentially, the bigger the debt gets, the more often and higher the debt ceiling must go.
Instead of receiving the interest payments on the loans every year, Cinven has allowed it to accrue on the debt, compounding the amount taken off Gondola's profits every year.
