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Instead of cash, BT could take a largish stake in the merged company, which would ease GTE's financing burden.
This financing burden is likely to crowd out other sectors and the economy may reach a point where it simply cannot provide the capital that oil extraction requires.
Such a proposal, which was successfully used by Uruguay in 2003, would, in theory, minimize banking losses and extend debt payments further into the future, easing Greece's financing burden in the near term.
But it is to Italy, which, with its huge debt financing burden, is home to the world's third largest bond market after Japan and the United States, that Europe's banks remain most heavily exposed.
But now a growing number of healthy firms like Big Blue are freezing their traditional pension schemes and shifting risks and more of the financing burden on to workers.
Even if that is avoided, Greece's rescuers may have to shoulder more of the financing burden than we have estimated, should private investors reduce their exposure to Greece.They have plenty of reasons to do so.
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Those increases created an antitax rebellion that begot Proposition 13 in the 1970s, a voter-led initiative that artificially depressed property taxes and shifted school financing burdens to the state.
As that happens, state and local governments will have to pay more for financing, burdening their budgets further.
Third, the average level of the concentration indices in 2002 was higher than that in 2007, indicating that more financing burdens have been allocated to the low- and middle- income individuals in the more recent year, although the Gini coefficient has also decreased, which implies that the rich-poor gap is narrowing.
With the debt-ceiling issue solved, the agency is now focusing on the long-term challenges to U.S. public finances, burdened by a deficit that has reached about 9percentt of the country's economy -- one of the highest since World War II.
The dominance test showed that the concentration curves in 2007 mainly dominated those in 2002, which indicated that the poor contributed more to financing the burden than the rich over the period.
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