The cancellation of debt in favor of a company or government in difficulty as part of a restructuring program (in debt restructuring agreements, a percentage reduction of the amount that will be repaid to creditors). In 2011, for example, creditors suffered losses of up to 75 percent on Argentine government bonds. In March 2013, similar losses had to be absorbed in the wake of the Cyprus crisis and earlier in the wake of the Greek crisis. – See expropriation, cold, financial market integration, European, liability, renationalization transfer union, asset levy, contract compliance, forced expropriation.
Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent!
University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec.
Professor Dr. Eckehard Krah, Dipl.rer.pol.
E-mail address: info@ekrah.com
https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk
https://www.jung-stilling-gesellschaft.de/merk/
https://www.gerhardmerk.de/