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Restructuring in sentence

849 examples of Restructuring in a sentence

But under the perverse policies that Europe has adopted, one debt restructuring has been followed by another.
The experience of Iceland and many emerging markets over the past 20 years shows that nominal depreciation and orderly restructuring and reduction of foreign debts can restore debt sustainability, competitiveness, and growth.
A concrete and credible program of tightening fiscal discipline and restructuring private-sector debt is essential.
The “circle of justice” was officially repealed in 1839, through an edict that ushered in an era of restructuring.
Restructuring Debt RestructuringBERKELEY – Sometimes the worst intentions yield the best results.
There was already movement after Argentina’s earlier default to add “collective-action clauses” that allowed the holders of an individual bond issue to take a binding vote to accept a restructuring offer.
Indeed, things will likely get worse before they get better, and it is not at all difficult to imagine a profound restructuring of the eurozone.
Restructuring companies and industries takes time and is likely to result in lay-offs.
After a decade of enterprise restructuring, the United States has ushered in the era of the internet.
These restructuring efforts created the ideal conditions for the introduction of new technologies.
Devaluation and debt restructuring worked.
It was the equivalent of a “Chapter 11” restructuring of American corporate debt, in which debt is swapped for equity, with bondholders becoming new shareholders.
After the Argentine crisis, President George W. Bush’s administration vetoed proposals to create a mechanism for sovereign-debt restructuring.
Economists applauded Argentina’s attempt to avoid this outcome through a deep restructuring accompanied by the GDP-linked bonds.
Incredibly, the US Court of Appeals for the Second Circuit in New York decided that this meant that if Argentina paid in full what it owed those who had accepted debt restructuring, it had to pay in full what it owed to the vultures.
If this principle prevails, no one would ever accept debt restructuring.
The risk of default or debt restructuring induces creditors to be more careful in their lending decisions.
Such contracts should also include collective-action clauses, which make it impossible for vulture funds to hold up debt restructuring.
When a sufficient proportion of creditors agree to a restructuring plan (in the case of Argentina, the holders of more than 90% of the country’s debt did), the others can be forced to go along.
In the aftermath of the global financial crisis, the United Nations Commission of Experts on Reforms of the International Monetary and Financial System urged that we design an efficient and fair system for the restructuring of sovereign debt.
This includes policies aimed at restructuring the economy, improving productivity, and increasing labor-force participation, especially by women.
Given the need for further economic restructuring – and in view of long-term demographic trends, which will reduce the labor supply – pre-2008 growth rates are unlikely to be restored.
But internal devaluation requires debt restructuring.
The mechanics of debt restructuring are straightforward.
Otherwise, one country’s restructuring will heighten expectations that others will follow, giving rise to contagion.
They must convince their constituents that using public money to provide sweeteners for debt restructuring and to recapitalize the banks is essential to the internal devaluation strategy that they insist their neighbors follow.
There is a simple way to deal with a debt overhang: reduce payments by restructuring the debt.
But the restructuring of debt has been too little and has come too late.
First, banks were the primary creditors, and the large losses that they would face in any restructuring was bound to trigger a domino effect, with waves of pessimism driving up interest rates and ruining other borrowers’ prospects.
In the case of Greece, international bankers argued long and hard that debt restructuring would generate contagion far and wide within the eurozone – and perhaps more broadly.
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