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But many of the owners may have no reason to seek such a restructuring.
But such a restructuring would produce shocks that would reverberate around the world.
Like Mr Fischer, he believes such a restructuring should be "a very last resort".
In early 2012 Greece did carry out such a restructuring, wiping out over €100 billion of government debt.
Such a restructuring would hurt some European banks, especially Greek ones, which would need extra official help.
They have said that such a restructuring of Medicare, by promoting competition, would produce savings to keep the program solvent for the long term.
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"We find it breathtaking that senior management announces such a restructure before the new managing director has commenced".
Creative corporate finance such as a restructuring of the existing diabetes joint venture with Bristol-Myers Squibb, coupled with "long runway" acquisitions such as Actelion could provide a useful bridge to organically fuelled growth.
And such a future restructuring seems inevitable.
Such a debt restructuring would by no means end a troubled economy's pain.
Industry experts gave Blackstone a proverbial pat on the back for being able to complete such a large restructuring when the economy was still shaky.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com