Exact(12)
In 1989 another plan, named after another treasury secretary, Nicholas Brady, provided the necessary debt reduction.
Financial analysts had questioned whether Cadence could raise the necessary debt after after it lowered its financial outlook last month.
In its statement, the company said that its financial adviser, Credit Suisse, was "highly confident" in its ability to arrange the necessary debt.
Analysts also said many potential purchases would cost too much in the current environment, although Campbell could probably take on the necessary debt.
Such correspondence means that while ConvaTec has not secured formal lending commitments, its investment banks believe that they can arrange the necessary debt financing.
In his letter, Mr. Schulz said that "Credit Suisse, who I have retained as my financial adviser, is highly confident that it can arrange the necessary debt financing".
Similar(47)
But whereas in Zambra's earlier work the metafictional element, though appealing, was a bit automatic and weightless, as if Zambra were working off necessary debts to his fellow Chilean Roberto Bolaño, and to Paul Auster, "My Documents" is at once metafictional and vibrantly turned out to the world.
Even if this were to happen, and the Greek economy were to expand at a rate of 1.5percentnt annually, a fifty-per-cent improvement on its historical trend, Greece's debts are so large that "further concessions are necessary for debt sustainability," the report says.
Wealthy nations have been slow to commit the money necessary for debt relief, and the World Bank has insisted on an intensive review of how third-world countries will use money made available when debt is forgiven.
If growth does not pick up, a second bail-out may be necessary and debt may have to be written off, either overtly or covertly by easing lending conditions.The euro zone's warm praise for Portugal draws attention to its own failings.
"Budget discipline was necessary and debts had to come down," says Verhofstadt.
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