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Restructuring in sentence

849 examples of Restructuring in a sentence

Interestingly, whereas most Americans are well aware of the $700 billion price tag for restructuring banks and the $787 billion stimulus package, far less attention has been paid to the almost $1 trillion spent on the Afghanistan and Iraq wars.
Finally, the key to the success of financial stabilization was a profound restructuring.
Assuaging doubt about the sustainability of public debt in the eurozone would thus probably require a deep restructuring as well.
As we recently argued, the key will be to maintain an annual growth rate of roughly 6.5%, while pursuing a multifaceted short-term stabilization plan that aims to stimulate job creation to offset the losses from restructuring inefficient industries and eliminating excess capacity.
Restructuring industries like steel, by letting uncompetitive players fail and encouraging consolidation, could raise productivity dramatically without compromising the ability to meet demand.
This does not mean that official funding should be junior to private debt in any restructuring, for that would require substantially more loss-bearing capacity from the official sector – capacity that is probably not available.
The simplest solution is to treat official funding no differently from private debt – best achieved if official lenders buy sovereign bonds as they are issued (possibly at a predetermined yield) and agree to be treated on par with private creditors in a restructuring.
If the funding is channeled through the IMF, and is to be treated on par with private debt, the Fund will need a guarantee from the EFSF or strong eurozone countries that it will be indemnified in any restructuring.
China is now navigating a complex economic transition that involves three sometimes-conflicting objectives: creating a market-based consumer economy; reforming the financial system; and ensuring an orderly slowdown that avoids the economic collapse often accompanying industrial restructuring and financial liberalization.
In this scenario, China’s economic slowdown since 2008, which could be viewed as China’s first modern growth crisis, would be sufficient to force China’s leaders to shift their focus from supporting double-digit annual GDP increases to restructuring the economy.
The Kingdom has recently embarked on a major reform of its government and restructuring of its economy.
Last year, the new Greek finance minister, Yanis Varoufakis, confirmed the prediction, arguing that a primary surplus would give Greece the upper hand in any negotiations on debt restructuring, because it could just suspend repayments to the troika, without incurring any financing problems.
The assumptions about primary surpluses, private-sector involvement, and GDP growth underlying the government’s commitment to reduce its debt level, which currently exceeds 170% of GDP, to 124% of GDP by 2020 cannot be realized, given Germany’s opposition to restructuring the official financing that replaced the defaulted private loans.
The answers, if they exist, lie in the slow and painful cleaning up of balance sheets; and in microeconomic restructuring, which cannot simply be imposed from above by an omniscient planner, but requires many businesses and individuals to change their outlook and behavior.
America has a special procedure for corporate bankruptcy, called Chapter 11, which allows a speedy restructuring by writing down debt, and converting some of it to equity.
To cite one example: the memorandum of economic policies submitted by the Korean government to the IMF (March 10th, 1999) contains one-and-a-half pages on macroeconomic policy, and twelve densely-packed pages on privatization, financial sector restructuring, prudential regulation and supervision, corporate restructuring, trade and capital account liberalization, and transparency, monitoring and data reporting.
In its official post-mortem on the crisis, the International Monetary Fund now agrees that debt restructuring should have been undertaken earlier.
Preoccupied by the state of the French and German banks, it continues to argue that delaying debt restructuring was the right thing to do.
Those front-loaded tax increases and government-spending cuts plunged the economy deeper into recession, making a farce of claims that the public debt was sustainable – and forcing the inevitable debt restructuring after two more agonizing years.
A significant sovereign-debt restructuring there would bring down European banks and potentially damage US banks – as well as financial institutions around the world.
But, together with debt restructuring, accommodative monetary policy, liquidity support from the European Central Bank, and much-required structural reforms, they can help to put these troubled economies on a sound footing without a euro breakup or a major austerity-induced recession.
In July 2011, Europe’s leaders agreed on a (limited) restructuring of Greek debt, while at the same time making financial assistance nimbler and cheaper.
To lend more to Spain’s government so that it can recapitalize the country’s banks adds to its debt burden and scares markets, which fear future debt restructuring.
Similarly, during the Great Depression of the 1930s, the US took ownership and recapitalized banks via the Reconstruction Finance Corporation (RFC) and managed mortgage restructuring through the Home Owners’ Loan Corporation (HOLC).
The period of fiscal restructuring – during which the deficit was cut from 9.9% of GDP in 2008 to 8.9% in 2012 – already sparked considerable civil unrest.
The operation might involve restructuring as well.
This is why recent proposals, such as the Franco-German Meseberg Declaration on eurozone reform, are based on a compromise: combining some degree of risk-sharing with measures to reduce risk and induce greater market discipline by, for example, restructuring debts.
More likely would be an IMF-organized restructuring of the existing debt, swapping new bonds with lower principal and interest for existing bonds.
He immediately changed the terms for restructuring the internal debt offered to investors after August 17.
In essence, this is a back-door debt restructuring: Europe’s bailout fund, the European Financial Stability Facility (EFSF) would lend the money for Greece to buy back its own debt in the secondary market at deep discounts, thereby imposing a loss on private bondholders without the need to declare a default.
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