Your English writing platform
Discover LudwigSuggestions(1)
Similar(60)
(Bruegel) How I learned to stop worrying and love the bond (Pawel Morski) China's debt servicing cost (Alphaville) Is the other shoe about to drop? (San Francisco Fed).
Debt servicing already uses up some 35% of government revenues.
Investors will worry about governments' ability to service their debt and will push up yields, making debt servicing even harder.
The trade off will be higher debt servicing costs and public anger at cuts in services.
But, the debt servicing mentality is what preceded it.
For its austerity program to work, that rate must drop or debt service will wipe out most of the savings.
It reported operating cash flow in 2007 of just under $1 billion, barely more than the annual debt service payments it now faces, and revenues are dropping fast.
Household debt service payments as a percentage of household disposable income have dropped below 10%, compared with about 13% six years ago.
The long-term debt rating dropped two levels to A3 from A1, and the short-term ranking fell one grade, to P2, a day after Standard & Poor's also downgraded Electronic Data, one of the world's largest sellers of computer services.
He eliminated 4,200 jobs, cut costs, paid down $150 million of debt, dropped consultants and improved service to retain "the good will of doctors," he said.
The debt service will be paid".
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com