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.

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

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.

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.

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

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.

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.

They can t restructure their economy instantaneously.

You asked us to restructure our economies.

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).

Head of the project to restructure domestic security

Moreover, how to restructure the financial system remains unclear.

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

(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

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

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

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.

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

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.

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

It is necessary to restructure it from the current term based system to a concept based system.

African countries must restructure their domestic financial sectors and develop capital markets and non bank financial institutions.

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.

Waiting to restructure unsustainable debts would only lead to disorderly workouts and severe haircuts for some private creditors.

They need to restructure away from traditional primary products to higher productivity activities, mainly manufactures and modern services.

Their collective commitments to stimulate, regulate and restructure global economic activity helped to calm nerves around the world.

Italy and Spain have enough resources to rescue themselves, and to secure the time needed to restructure their economies.

As we restructure the Security Council, we should ensure that we retain the delicate balance between the two organs.

Instead, they focused exclusively on US foreign debt, ignoring household debt (mortgage and consumer debt), public debt, business debt, and financial debt.

The government did not bail out the underperformers, allowing market forces to restructure the industry during the post subsidy phase.

More eurozone countries will be forced to restructure their debts, and eventually some will decide to exit the monetary union.

Both countries express a determination to find collaborative ways to restructure their energy mixes with new, low carbon energy technologies.

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

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

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

What should be done is clear enough recapitalize much of the sector and restructure those parts without a viable business model.

Debt sustainability and debt relief

More debt relief encompassing more countries and more debt (including bilateral debt) is needed.