Word: frothingham
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Dates: during 1980-1989
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...Hank Frothingham, Bank of Boston director forinternational capital markets and one of two IOPpanel respondents, disagreed, saying payment atsecondary rates is not a fair compromise.Frothingham instead said he backed tougher LatinAmerican debt servicing terms, drawing an analogyto Chapter 11 in America, which allows lenders toplace longterm claims on borrowers' assets whilethey reorganize their management under supervisionby authorities...
...Frothingham said it is good that theEcuadoran government has taken steps to improveits economy and improve relations with lendors...
...Debt relief is necessary to inspire confidence in the developing countries," said Henry Frothingham, vice president of the Bank of Boston's international division. Frothingham said that, if unresolved, the debt crisis "could lead to the collapse of the Western world...