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If it backs neither, it will de facto be seen as supporting the creditors - and that is not consistent with its international mandate, since it effectively means giving up its quest for substantial debt relief (since the creditors have no desire to agree to this).
The conceptual thinking behind the accounting is hard to grasp, but it goes like this: If a bank's own debt securities are falling in price, it effectively means its liabilities – the amount it owes — are worth less.
If a Senate minority refuses to approve any nominee, regardless of qualifications, until its policy preferences are enacted, it effectively means that the minority can dictate policy to the majority, forcing the government to undo legislation it has passed.
It effectively means that National Rail Enquiries - which requires a licence to use its data - no longer has a monopoly on rail enquiries.
It effectively means the U.K.'s leading phone operator is collapsing its 16 ageing "legacy" networks into one data-oriented standard, a move that it says will save it up to $1.7 billion 11 billion pounds), a year by the time it is completed in 2009.
"It effectively means the executive sanctions violence," he said.
Similar(33)
The plan was seen as especially controversial in that it effectively meant that Barclays, with its profits under intense pressure, had made a decision to pay more to Middle Eastern investors, spurning capital with less onerous terms from the British government, which has taken stakes in the country's battered banks.
Second, it limited Japanese banks' profitability, because it effectively meant that, instead of making good new loans, they were constantly throwing good money after bad.
Milosevic had to go too, for a promised $100m, even if it effectively meant kidnapping him in contravention of Yugoslav law, and sending him by RAF jet to a US-financed show trial at the Hague.
"With the fee being around £6-8m, it effectively meant I was waiving £600,000 to go.
During our analysis we realized that when intervention components changed or operated differently, it effectively meant that the context for other intervention components had changed, triggering different mechanisms.
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Justyna Jupowicz-Kozak
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