Executives said they were restructuring the deal to sell Home Depot's supply division, a $12 billion business, to three private equity groups, which could result in a lower sales price.
"If all the bonds disappear once they're restructured, you've got nothing to deliver," says the industry veteran.
As a creditor, the state also has a big claim on the assets of the "old" banks as they are restructured or wound down.
All agree that the Greek economy has to grow at an accelerating rate if the country is to have a chance of meeting a good part of its debt obligations, however generously they are restructured.
To do this, they are restructuring offices, restructuring rounds, reordering the frames, and reassigning roles: offices are being turned upside down and the workforce is demoralised.
"The large landesbanks survived the crisis only thanks to massive support measures," he told journalists on Sept. 3. "They are restructuring cases, and they are confronted with numerous conditions set by the European Commission, whose declared goal is for them to shrink".
Vinci has highly motivated managers, a cheap valuation, very good assets, and they're restructuring the whole organization.
I know [Viacom Chairman Sumner] Redstone says they're not, but clearly the fact that they're restructuring says they are".
"They are restructuring academia," says Caghan Kizil, a Turkish molecular biologist based at the Dresden University of Technology in Germany who has been in close communication with colleagues in Turkey.
Derbyshire head coach Karl Krikken will have to re-apply for his job after the club announced they are restructuring their management set-up.
