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Their logic: Greece still has to go through wrenching cuts, and may still end up restructuring its debt which could force current bondholders to take a haircut.
New distribution methods like peer-to-peer insurance (P2P) could end up restructuring the entire market.
"What I'm trying to do... is to change the process so that we end up restructuring the culture so that people find that work always pays.
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But regardless of what happens to Portugal in the short term, the increased amounts of sovereign debt it is taking on compounds a recurring theme: domestic banking systems are absorbing higher levels of dubious debt, which not only infects their balance sheets but could end up being restructured.
But regardless of what happens in the short term to Portugal, the increased amounts of sovereign debt it is taking on compounds a recurring theme of domestic banking systems absorbing higher levels of dubious debt that not only infects their balance sheets, but could well end up being restructured.
End up.
They worry that the lender will end up impeding genuine restructuring.But for all its talk of free markets, the government does not want any big chaebol to go bust.
And given the size and complicated nature of its balance sheet -- Finova has about 80 separate bond issues outstanding -- it may end up negotiating that restructuring as part of a bankruptcy-law filing, said Stephen G. Moyer, a distressed-securities analyst with Imperial Capital, a Beverly Hills, Calif., investment bank.
Museum officials say they cannot guarantee every single job because some departments might be restructured and end up smaller.
Many firms undergoing restructuring could end up like corporate zombies, unable either to revive or to die while their creditors haggle over what should be done.Changes to bankruptcy laws in both America and Europe in recent years ought to have made it easier to revitalise or kill off ailing companies.
The union could end up owning about 20% of a restructured GM, with taxpayers owning as much as 70% and bondholders owning the remaining 10%.
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