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Irish Finance Minister Michael Noonan suggested Tuesday that the Athens government take a look at Ireland's experience of the last three years, after it restructured its debts to free capital to invest in job- and income-producing industries.
Bridge executives have said that the company might try to convert the involuntary bankruptcy filing into a voluntary filing under Chapter 11, which would give it protection from creditors while it reorganized and restructured its debts.
Investors also doubt whether credit-default swaps really work when it comes to enforcing claims on governments: when Greece restructured its debts in March, for instance, many months of back-room haggling ensued before the CDSs finally paid out.
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.
KLM was eventually awarded the privatisation of the company, which restructured its debts and made a master corporation agreement with the Dutch airline that bought 26% of the shares, becoming the largest single shareholder since then.
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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.
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.
He returned to the company in 1992, restructured its debt, and slashed jobs.
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