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Argentina, standing at the forefront of these efforts, has been fending off "vulture funds" ever since it restructured its debt.
"Portugal would save 3 billion euros a year if it restructured its debt," said Pedro Lains, an economic historian and a blogger at the University of Lisbon.
In the end, Denver became ensnared in the financial maelstrom that was stirring even before it restructured its debt and that gathered force as the credit crisis deepened through the summer and fall of 2008.
After all, they say, had they not stood by Greece "in the name of solidarity" when it restructured its debt, Cypriot banks would not have incurred the gargantuan losses – which at €4.5bn are roughly 25% of GDP – that tipped the island into crisis almost overnight.
The country "restructured" its debt in 2012, but it did it wrong.
When the chain first went bust, it secured new financing, restructured its debt and lived to fight another day.
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That's close to the highest level since Greece restructured its debts in February 2012.
If that happens, its exit from the euro will be just a step away.Greece has already restructured its debts once, in 2012.
If Ukraine defaults or (more likely) is forced to restructure its debt, it need not hurt others.
The first is that:There is a fear that if Greece is allowed to restructure its debt, it will simply get itself into trouble again, as will others.
But it also matters for any other country that needs to restructure its debt if it runs into financial problems.
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