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Exact(5)
WHILE Mr. Black remains upbeat about the prospects for those companies, some analysts say most of them are severely indebted and are crumbling quickly because of the economy.
The operation will be supervised by a new commissioner, Enrico Bondi, who is known for restructuring severely indebted enterprises like the once-bankrupt dairy empire Parmalat.
Its severely indebted banks mean it may be the next country to resort to an EU bailout.
As the following section shows, some of the countries most in need of balance of payments support are low-income countries that are already severely indebted.
In fact, 32 countries are classified by the World Bank as "severely indebted low-income countries" (SILICs), defined as having, for 1991-93, either debt-service-to-GNP ratios of more than 80 percent or debt-service-to-export ratios of more than 220 percent (each measured at net present value).
Similar(54)
But given Wagner's selective recourse to the dramaturgy of French grand opera throughout his career, it was unfortunate that his opera most indebted to that tradition was performed in a version that severely minimized that debt.
Confidence in the entire eurozone would be severely undermined, not least the attitude of investors to buying bonds of other highly indebted nations, such as Italy.
We're indebted to him.
"You're not indebted," he says.
Indebted sharecroppers faced limited options.
Some are heavily indebted, too.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com