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Restructuring in sentence

849 examples of Restructuring in a sentence

Before it was all over, at least eight of the then 27 EU member states required IMF financing and restructuring programs.
No amount of debt restructuring, even debt forgiveness, will suffice to achieve prosperity (in the form of low unemployment and high job satisfaction).
Although the latest plan contains a seemingly endless list of specific projects and goals, the major new theme this year is “supply-side restructuring,” a term that includes a wide range of policies aimed at boosting economic growth and living standards.
Moreover, the benefits rise, because the restructuring clauses required for new debt, together with Germany’s highly visible efforts to avoid future government bailouts, raise the interest-rate spreads that weaker countries must pay today.
At that point, the Europeans should get on with completing their monetary cordon sanitaire: orderly debt restructuring in all countries with debt burdens that are too large to be credibly restructured in Merkel’s new regime.
Botched efforts at mortgage restructuring, failure to restore credit to small and medium-size enterprises, and the mishandling of bank bailouts have all been well documented, as have major flaws in forecasting both output and unemployment as the economy went into free-fall.
The only alternative is to shift quickly to Plan B – an orderly restructuring and reduction of the debts of these countries’ governments, households, and banks.
The key is to lower interest rates enough to mitigate the financial risks of high leverage and enable the restructuring of local-government debts.
Apart from financial restructuring, which is crucial, Greece and Portugal must become cheaper in order to regain their competitiveness.
More importantly, through its numerous rescues of sovereign states, the IMF has acquired expertise in debt restructuring, while developing a reputation for toughness and impartiality, which would be very useful in these situations.
The Franco-German initiative unveiled at Deauville in early November, which would require some possible measure of restructuring for debt issued after 2013, tried to avoid the immediate shock of a haircut.
Such proposals were widely discussed in the 1990’s and early 2000’s, and IMF Deputy Managing Director Anne Krueger pushed a Sovereign Debt Restructuring Mechanism that would have offered a legal path to imposing general haircuts on creditors, thereby ending the collective-action problems that impede the efficient resolution of sovereign bankruptcy.
The inapplicability of Chapter 9 makes orderly debt restructuring very difficult.
Overcoming Puerto Rico’s crisis will require restoring growth, implementing a sustainable fiscal policy, and debt restructuring.
The rise of the Front National can be interpreted as a series of protests: against the long recession from which France is only now emerging; against open markets and trade liberalisation in Europe; against Europe’s upcoming single currency, and the fiscal belt-tightening that has gone with it; and against global markets and economic restructuring, which have contributed to the rise in unemployment, now standing around 122% of workers.
Being so divided, French conservatives cannot tell a coherent story about the current phase of European integration, about market liberalisation, or about economic restructuring.
Vast restructuring led to a dramatic improvement in costs and made it easy to absorb the DM rise.
Second, Greece should continue to withhold service on its external debts to official creditors in advance of a consensual debt restructuring later this year.
By delaying restructuring, such policies may aggravate the fall in profitability, share prices, and the currency, worsening unemployment.
Rising inequality – owing partly to job-slashing corporate restructuring – is reducing aggregate demand further, because households, poorer individuals, and labor-income earners have a higher marginal propensity to spend than corporations, richer households, and capital-income earners.
Capturing the ECBNEW YORK – Nothing illustrates better the political crosscurrents, special interests, and shortsighted economics now at play in Europe than the debate over the restructuring of Greece’s sovereign debt.
Germany insists on a deep restructuring – at least a 50% “haircut” for bondholders – whereas the European Central Bank insists that any debt restructuring must be voluntary.
They do have interests: they want to collect on their insurance, and that means that the restructuring must be a “credit event” – tantamount to a default.
The ECB’s insistence on “voluntary” restructuring – that is, avoidance of a credit event – has placed the two sides at loggerheads.
None of these explanations is an adequate excuse for the ECB’s opposition to deep involuntary restructuring of Greece’s debt.
Regulators should not have allowed the banks to speculate as they did; if anything, they should have required them to buy insurance – and then insisted on restructuring in a way that ensured that the insurance paid off.
There is, moreover, little evidence that a deep involuntary restructuring would be any more traumatic than a deep voluntary restructuring.
By insisting on its voluntariness, the ECB may be trying to ensure that the restructuring is not deep; but, in that case, it is putting the banks’ interests before that of Greece, for which a deep restructuring is essential if it is to emerge from the crisis.
But it seems unconscionable that the ECB would delegate to a secret committee of self-interested market participants the right to determine what is an acceptable debt restructuring.
The one argument that seems – at least superficially – to put the public interest first is that an involuntary restructuring might lead to financial contagion, with large eurozone economies like Italy, Spain, and even France facing a sharp, and perhaps prohibitive, rise in borrowing costs.
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