Exact(3)
It continued this week, with some politicians admitting that a hard restructuring of Greek debt was on the table, whilst others ruled out a default.
But he added that "it then still remains likely that a hard restructuring will have to happen by 2013," before the expiration of the new aid and German elections.
Bailing out the banks will be crucial if Greece either defaults or imposes a hard restructuring, whereby banks would be forced to take a larger loss on their holdings compared with the fairly benign 21 percent losses that they are now being asked to accept as part of the second, 109 billion euro bailout package set for Greece in June.
Similar(57)
The bank was hit hard by restructuring costs and mis-selling scandals for Payment Protection Insurance and interest rate swaps.
Earlier this year, Spain adopted new rules making it less hard to restructure failing firms.
"For the past several months my campaign team has worked hard to restructure our campaign to effectively compete in the convention process," Mr. Bolling said in his statement.
Bacchus Capital's two other founding partners, Peter S. Kaufman and Henry F. Owsley, have done their share of hard-nosed restructuring deals through their boutique investment bank, the Gordian Group.
Worst of all, it is finding it very hard to restructure.This matters because Ssangyong has been a fairly good indicator of the general state of South Korean business.
This sum is a proxy for how much taxpayers will lose unless prices recover.Such massive insolvency makes it hard to restructure the two agencies.
He fought hard to restructure the company, but last year, with Sony still making huge losses, he handed over day-to-day running of the company to Kazuo Hirai.
With minimal support from the state, Saenz-Shelby has worked hard to restructure the gallery by rethinking plans for funding and a support mechanism, and by instituting open calls.
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