journalist face sack, page-26

There is an umbilical relationship in both directions CNP-Banks. Brinkmanship of the first order. Rufrano must be losing hair and sleep over this, but the banks have as much to lose as anyone; difference is they have the power to decide whether to let the situation ride, or to cut the cord. I'm betting that banks' self-interest will mean that they will be very reluctant to provision or take a loss that will be seen on this year's (already strained) balance sheets. Better for them to play the situation out for now.

Debt-for-equity may be the best compromise.