recapitalize|recapitalized|recapitalizes|recapitalizing in English
verb recapitalize (Amer.)
refinance, change the financial structure; provide a business with new capital, change the way the capital is held in a business (also recapitalise)
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1. What was the goal of Austerity in Ireland? What did it achieve? Austerity in Ireland mainly took the form of a programme of fiscal consolidation to address the fiscal crisis of the state and it coincided with a series of reforms to reorganize and recapitalize the banking sector.