Obama said it was prudent for Chrysler to prepare a bankruptcy contingency plan, but since major banks have agreed to write off a majority of their debt, it's not clear the automaker will have to use it.
And they were going to have to write off a lot more Greek sovereign debt - not just the bonds held by private investors.
Russia's private-sector creditors have agreed to write off more than a third of the debt, swapping the rest for long-dated, low-interest Eurobonds.
However, the ONS also added that the latest figures also recorded an improvement on April last year as the 2006 figures were affected by a write-off of Nigerian debt.
In order to secure the 10bn euros, agreed by the EU and IMF, Cyprus was forced to wind up one major bank and write-off of a large portion of secured debt and uninsured deposits in the largest bank, Bank of Cyprus.
He believes Europe needs to write-off some of its debt to avoid a stagnant economy for the next decade.
Greece was given a 110bn-euro package in May 2010 and a further 130bn euros in October 2011, along with a 100bn-euro debt write-off.
This long-term decline in NOPAT, combined with growing asset write-downs and consistently large off balance sheet debt, indicates a company with serious issues.
Bankers rejected out of hand a Yugoslav proposal that they should write off 80% of the debt.
Deferred tax liabilities, off-balance sheet debt, and asset write-downs result in a bloated balance of which most investors are not aware.
And realistically, there was a greater chance of Greece's creditors saying they would write off the country's national debt overnight than there was of an upset.
This is a company with off balance sheet debt that is over 60% of its net assets, write-downs that are over 25% of net assets, and after-tax profits that have been declining.
But the appropriate response to this situation is to write-off much of this debt, not to pile on even more debts from bailout resources or to demand a Greek exit from the euro.
应用推荐