So enumerate, we agree then........
"My personal view is that a capital reconstruction will happen in which all current stakeholders will have a say - equity holders, all tiers of debt holder. Some have more powerful positions ... but all have some power"
That is exactly what I just said, only you said it a little bit nicer.
The banks will not get involved in a debt for equity swap and leave the bondholders with all their rights. It has to be all done together at the same time.
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