Restructuring
in sentence
849 examples of Restructuring in a sentence
Technically, successful financial deleveraging means
restructuring
their debts and forcing some of them into bankruptcy.
Reversing this destabilizing dynamic will require a debt
restructuring
that provides the relief needed to implement pro-growth policies.
The
restructuring
process started on May 3, when the Board filed a petition in federal court.
At the center of any effort to resolve the debt crisis must be the understanding that just as today’s debt
restructuring
affects Puerto Rico’s future growth, Puerto Rico’s future growth affects how much debt
restructuring
is needed.
Indeed, the lack of a
restructuring
plan heightens uncertainty and thus impedes the investment needed to restore economic growth.
Otherwise, Puerto Rico would have been exposed to massive litigation that would have undermined
restructuring
efforts and lengthened the road to economic recovery.
But what the plan should have done is to define the policies Puerto Rico needs to recover, and simultaneously present a
restructuring
proposal that grants enough relief to make those policies feasible.
Then, once the financial system has been stabilized, a combination of debt
restructuring
and recapitalization is required.
By contrast, debt
restructuring
for either banks or governments is politically unacceptable in Europe.
Europe is making a fundamental mistake by allowing the two key elements of any resolution of the crisis – namely, debt
restructuring
and real stress tests for banks – to remain taboo.
From the perspective of the deregulation,
restructuring
and modernization which Germany and Europe need, you couldn't ask for a worse outcome.
It would require not only a new institutional vision for Europe, but also a major political restructuring, not least in France and Germany.
Such a deep political
restructuring
aimed at building new progressive majorities will be difficult, and it will not happen overnight.
It was aimed at removing bureaucratic constraints to growth by
restructuring
the financial sector, streamlining business regulations, liberalizing foreign trade, and reducing the government’s role in the economy.
This not only hampers restructuring, but also makes firms hesitant to hire and inhibits innovation.
Much has been done, but South Korea has only touched the surface in
restructuring
its economy, its relations with the North, and domestic political reform.
But without even stronger signs from President Kim that another big round of layoffs will be supported by government, it is unlikely that the chaebol will do much more
restructuring
on their own.
It was not until late in the decade, when the banking sector was reorganized and corporate
restructuring
was encouraged, that Japan made progress on the long, arduous road of balance-sheet repair and structural transformation.
Thanks to such monitoring, Foshan’s municipal- and county-level governments recognized a dramatic
restructuring
in global supply chains and responded accordingly, such as by improving housing and health care, providing such social services even to migrant labor, and addressing excessive pollution.
The local government has also driven Foshan’s private enterprises largely to complete a difficult process of
restructuring
since 2008.
As a result, Germany has been reluctant to engage fully in the debate about a European banking union, owing to the belief that it would expose German taxpayers to major risks and unknown costs through bank
restructuring
and deposit insurance.
Others pretend to worry about the moral-hazard implications of debt relief, despite the fact that the country’s private-sector debt has already been written off at EU insistence, and that there are dozens, if not hundreds, of precedents for
restructuring
the debts of insolvent sovereigns.
Rather, non-payment – a “default,” according to credit-rating agencies, when it involves private creditors – typically spurs a conversation about debt restructuring, which can involve maturity extensions, coupon-payment cuts, grace periods, or face-value reductions (so-called “haircuts”).
Since 1800, the global economy has endured several such cycles, with the share of independent countries undergoing
restructuring
during any given year oscillating between zero and 50% (see figure).
Like outright default or the
restructuring
of debts to official creditors, such arrears are often swept under the rug, possibly because they tend to involve low-income debtors and relatively small dollar amounts.
Another economy in serious danger is the Commonwealth of Puerto Rico, which urgently needs a comprehensive
restructuring
of its $73 billion in sovereign debt.
West Virginia’s bout of default and
restructuring
lasted until 1919.
Sovereign debt
restructuring
has a long and often torturous history.
Relatively few cases have been resolved quickly or amicably, and they are usually cases where the
restructuring
involves only some concession on the interest rate and a lengthening of maturities on outstanding debt.
Initial
restructuring
terms often are too timid, relative to the haircut needed to restore solvency.
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