Greece would also have to restructure and reduce its public debt again.

Portugal, for example, may eventually have to restructure its debt and exit the euro.

If Greece were forced to restructure its debt and impose a haircut on holders of its bonds, the ECB would incur a sizeable loss.

For example, a growth rebound underpins the expectation that the European periphery will not restructure or inflate away its sovereign debt.

It also won't allow Puerto Rico to restructure its debt or change the fact that the island can't benefit from US Bankruptcy Law.

The Government of Jordan continued its efforts to restructure the public debt stock, gradually replacing external by domestic sources with the external debt to GDP ratio declining from 76.4 per cent to 69.7 per cent during 2003 2004.

And yet, in the end, Greece had little choice but to restructure its debt, cutting the value of private claims by about 75 relative to their face value (although even this is probably not enough to make the country s debt burden sustainable).

They could have said to their EU colleagues, Look, we have no choice but to restructure what is clearly an unsustainable debt.

Of course, a breakup now would be very costly, requiring an international debt conference to restructure the periphery s debts and the core s claims.

Furthermore, to keep operating expenditures under control UNOPS must reorganize its internal operations and restructure its cost base in 2006.

Banks and bond holders had lost hundreds of millions of dollars, but opted to restructure his debt to avoid the risk of losing more money in court.

BERKELEY After a year and half of delay and denial, Greece is about to restructure its debts.

Faced with foreign opposition, the government should have announced its decision to restructure as a fait accompli.

They can t restructure their economy instantaneously.

You asked us to restructure our economies.

Head of the project to restructure domestic security

Likewise, France is second only to Italy when it comes to the desire to reform and restructure its political institutions.

(e) To review the mandate and restructure the Commission on Minors' Affairs with a view to removing its punitive functions

Moreover, how to restructure the financial system remains unclear.

The idea of bringing back debtors prisons may seem far fetched, but it resonates with current talk of moral hazard and accountability. There is a fear that if Greece is allowed to restructure its debt, it will simply get itself into trouble again, as will others.

Under President Vladimir Putin, Russia has launched a comprehensive program to restructure its defense industry, which has shrunk dramatically since the Soviet era.

African governments must undertake industrial policies to help restructure their economies.

Its public debt was almost eliminated.

(c) To continue to bring together international debtors and creditors in relevant international forums to restructure unsustainable debt in a timely and efficient manner, taking into account the need to involve the private sector in the resolution of crises

Had Greece quickly written down its debt burden by two thirds, it would have been able to shed its crushing debt overhang.

For our part, Ghana has adopted development strategies and followed advice given by the multilateral financial institutions and other development partners to liberalize and restructure its economy.

Japan, however, stands alone with its massive debt.

CAMBRIDGE Greece will default on its national debt.

Debt relief may help Madagascar protect its biodiversity.

This could then have been complemented by a simultaneous agreement to restructure private debts.

At last Gorbachev attempted to restructure the Soviet Union into a less centralized state.

In 2005, the UAF was planning to restructure in an effort to improve efficiency.

(c) To bring international debtors and creditors together in relevant international forums to restructure unsustainable debt in a timely and efficient manner, taking into account the need to involve the private sector in the resolution of crises due to indebtedness, where appropriate

As a result, its economy would grow, and its debt ratio would fall.

European Union officials argue that it would be catastrophic to restructure any member s debts proactively.

Only the United States can indefinitely print its own currency and increase its debt.

There is no way around the need for Dubai to restructure and prune its excesses before it can resume a more sustainable growth trajectory, though achieving this will take time.

Advances in the longstanding efforts to reform and restructure the transport sector have had mixed success.

Italy and Spain have enough resources to rescue themselves, and to secure the time needed to restructure their economies. Indeed, even after taking on the entire national debt, their private wealth GDP ratios would still be higher than they are in some northern European countries.

Why debt relief now? Liberia obtained its debt write off by initiating profound changes in its governance and economic management in order to provide the institutional capability to manage debt prudently and spend resources wisely in the future.

Currently its debt service status amounts to 115 million annually.

In Lebanon, persisting high levels of public debt forced the Government to direct much of its expenditure towards debt service.

Stated differently, now that Greece has achieved a zero primary budget deficit, its debt burden will decline if its nominal growth rate exceeds the average interest that it pays on its government debt.

The Greek people are making an almost superhuman effort to stabilize their finances and restructure their economy.

That debate, more importantly, is about how Arab countries should restructure themselves in the twenty first century.