A long term alternative requires some capacity to write down debt where it has reached excessive levels. But it is also necessary to establish an iron clad guarantee of some part of the outstanding debt, in order to remove fear of a complete write down.

Some analysts argue that, given guarantees of debt incurred by public corporations, the Greek government s obligations are even higher. To escape from this morass, Greece needs a massive debt write down.

Write everything down.

Write your goals down.

Debt write offs should be considered in the first instance.

Write it down here, please.

Please write down your name.

Could you write it down, please?

I can testify from personal experience that investors would flock to Greece once the debt overhang was removed. But the official sector cannot write down its debt, because that would violate a number of taboos, particularly for the ECB.

So let's write down those three components.

Write it down before you forget it.

The rating agencies have long placed Greek debt deep in junk territory, and are now giving Portuguese and Irish debt the same status. Rising spreads in Spain and Italy show that contagion is already occurring, even in the absence of an official decision to write down Greek debt.

We reduced them through debt write off and debt relief, as well as through the method of reducing our own debts.

Down with Debt Weight

That will require the write off of all the debt of the least developed countries.

EU member States recently agreed to support the G 8 agreement to write off debt.

Please use a pencil to write down your name.

Please write down and give to me your personal address.

I write everything down I feel uneasy without my notebook.

Is with them the Unseen, and they write it down!

Is with them the unseen, so that they write down?

Is with them the Unseen, and they write it down!

Is with them the unseen, so that they write down?

Well, why don't we knock that down and write on it?

Do they have access to the Unseen, which they write down?

Do they have access to the Unseen, which they write down?

Or have they the unseen so that they write (it) down?

Or have they the unseen so that they write (it) down?

It's our ability to write things down, our language and our consciousness.

Or do they have knowledge of the Unknown which they write down?

Or do they have knowledge of the Unknown which they write down?

Or do they know the future, and so they write it down?

Or do they know the future, and so they write it down?

Or possess they the Unseen so that they can write (it) down?

Or possess they the Unseen so that they can write (it) down?

Or have they knowledge of the unseen, so they write it down?

Or have they knowledge of the unseen, so they write it down?

Or have they knowledge of the unseen, so they write it down?

Or have they knowledge of the unseen, so they write it down?

Is the unseen within their grasp so that they write it down?

Is the unseen within their grasp so that they write it down?

An ex ante debt restructuring that reduces the size of any new loans and renders the debt sustainable before any reforms are implemented stands a good chance of crowding in investment, stabilizing incomes, and setting the stage for recovery. In sharp contrast, a debt write down like Greece s in 2012, which resulted from a program s failure, only contributes to maintaining the downward spiral.

Or that the Ghaib (unseen) is with them, and they write it down?

Or that the Ghaib (unseen) is with them, and they write it down?

Do they possess access to the Unseen, so that they write it down?