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Restructuring in sentence

849 examples of Restructuring in a sentence

But that begs the question: why should an involuntary restructuring lead to worse contagion than a voluntary restructuring of comparable depth?
If the banking system were well regulated, with banks holding sovereign debt having purchased insurance, an involuntary restructuring should perturb financial markets less.
Of course, it might be argued that if Greece gets away with an involuntary restructuring, others would be tempted to try it as well.
Of course, others might be tempted to imitate Greece if Greece were indeed better off restructuring than not doing so.
Germany increasingly recognizes that if the adjustment needed to restore growth, competitiveness, and debt sustainability in the eurozone’s periphery comes through austerity and internal devaluation rather than debt restructuring and exit (leading to the reintroduction of sharply depreciated national currencies), the cost will most likely be trillions of euros.
This debt almost surely needs to be restructured, but, having allowed the banks to leverage themselves beyond any level of prudence and load up on toxic derivatives, the ECB is now warning against any sort of restructuring or write-down.
But it is a bit late for the ECB to describe debt restructuring as “unthinkable.”
Even if the shareholders and bondholders lose everything, with the right restructuring, we can still save the banks and protect taxpayers and workers.
After a series of showdowns, in which one company, Daewoo, threatened to default, and political forces rallied to its assistance, the government won; the hugely powerful Daewoo group underwent bankruptcy and restructuring.
This then sets the stage for a populist program based on “reactivation, redistribution of income, and restructuring of the economy.”
A serious restructuring effort – including stricter budget constraints and an end to lending to non-viable firms and government guarantees on debt, along with other supply-side reforms already underway – will create space for more dynamic companies to emerge and contribute to growth.
China should begin by restructuring unviable companies in its fastest-growing regions, where workers will find new jobs more quickly and reforms are not likely to hurt growth.
Policymakers can then be more selective when it comes to restructuring in slower-growing regions and cities where a single company dominates the local economy.
Because financial institutions held much of these securities, their market values declined as well, leaving balance sheets in need of restructuring, particularly given their highly leveraged capital structures.
Awaiting that restructuring, financial institutions could not perform as usual, which impeded financial intermediation and called into question plans, relations, and contracts – such as corporate and residential investment or refinancing.
Eventually, the required restructuring became so widespread that it impacted virtually every sector of the economy.
An obvious question is whether the government can do anything to speed the restructuring process or reduce its cost.
Given the central role of financial intermediation in the current crisis, the government should instead expedite the restructuring process through bankruptcy law.
To the extent that government becomes involved in restructuring financial institutions, it should avoid unnecessary wealth transfers from taxpayers to the security holders of the financial institutions.
Of course, Wall Street (whose interests the US Treasury represents) profits from capital market liberalization: they make money as capital flows in, as it flows out, and in the restructuring that occurs in the resulting havoc.
Puerto Rico recently tried to enact legislation modeled on Chapter 9 that would allow for an orderly restructuring of the debt of public corporations and municipalities.
The empowerment of the G-20 is a step in the right direction, but many more changes are needed, including restructuring the UN, the International Monetary Fund, and the World Bank so that they, too, reflect the new distribution of power.
To ensure that its economy’s performance is no longer dictated by the availability of foreign aid, Pakistan must undertake some fundamental restructuring.
The need for massive fiscal adjustment without any offsetting currency devaluation will now drive Greece and perhaps others to default on their government debt, probably through some kind of IMF-supported debt restructuring.
But it is becoming increasingly clear that bringing the debt burden in line with the distressed countries’ payment capacities requires, at least in some of them (particularly Greece again), an ordered process of debt restructuring.
In these circumstances, postponing the restructuring only perpetuates distrust of European banks with opaque sovereign exposures, and of financial markets in general – in much the same way that uncertainty about exposure to collateralized debt obligations led to a confidence crisis in late 2008.
It must move now to address the problem’s sources through multi-year programs that range from educational restructuring and worker retraining to productivity enhancement and housing-sector reform.
The grim irony here is that, prior to such a shock, preparing for restructuring encourages lenders to provide more overnight loans.
To this end, a bill introduced by Senator Jack Reed last December – which would require regulators to examine more carefully how restructuring rules could destabilize the financial system – is a positive step.
In spite of some spring sprouts, we should prepare for another dark winter: it’s time for Plan B in bank restructuring and another dose of Keynesian medicine.
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