Daily Archives: August 5, 2015

USA | The Fake War on ISIS: US and Turkey Escalate in Syria

Greece | The Lethal Deferral of Greek Debt Restructuring

Yannis Varoufakis

ATHENS – The point of restructuring debt is to reduce the volume of new loans needed to salvage an insolvent entity. Creditors offer debt relief to get more value back and to extend as little new finance to the insolvent entity as possible.