Restructuring was crucial to revitalizing Sweden's financial sector, and is necessary in Japan.

Technically, successful financial deleveraging means restructuring their debts and forcing some of them into bankruptcy.

As part of what officials are calling a restructuring plan, Sri Lanka simultaneously decided to discontinue the budget airline Mihin Lanka.

Second, procrastinate on all but inevitable adjustments, because reform, restructuring and cleaning up financial messes never attracts new cronies.

Second, procrastinate on all but inevitable adjustments, because reform, restructuring and cleaning up financial messes never attracts new cronies.

But that begs the question why should an involuntary restructuring lead to worse contagion than a voluntary restructuring of comparable depth? If the banking system were well regulated, with banks holding sovereign debt having purchased insurance, an involuntary restructuring should perturb financial markets less.

To the extent that government becomes involved in restructuring financial institutions, it should avoid unnecessary wealth transfers from taxpayers to the security holders of the financial institutions.

Devaluation and debt restructuring worked.

Integration of EU financial markets launched in 1999 with the adoption of the Financial Services Action Plan (FSAP) also needs to accelerate.

Initial conditions matter in economic restructuring

Painful restructuring is sure to follow.

Awaiting that restructuring, financial institutions could not perform as usual, which impeded financial intermediation and called into question plans, relations, and contracts such as corporate and residential investment or refinancing.

Reaffirming that the strategy and plan of action will contain realistic financial recommendations for implementation,

Given the central role of financial intermediation in the current crisis, the government should instead expedite the restructuring process through bankruptcy law.

The only alternative is to shift quickly to Plan B an orderly restructuring and reduction of the debts of these countries governments, households, and banks.

Calls for immediate debt restructuring went unheeded.

The Lethal Deferral of Greek Debt Restructuring

Defaulting, restructuring, changing the terms has consequences.

If the banking system were well regulated, with banks holding sovereign debt having purchased insurance, an involuntary restructuring should perturb financial markets less.

To pave the way towards European financial integration, the Financial Services Action Plan (FSAP) was launched in 1999 with the aim of creating a regulatory framework for a single financial area.

He will need to stimulate the economy and avoid protectionist pressures at home, while also taking the lead in restructuring the global financial system.

He will need to stimulate the economy and avoid protectionist pressures at home, while also taking the lead in restructuring the global financial system.

In spite of some spring sprouts, we should prepare for another dark winter it s time for Plan B in bank restructuring and another dose of Keynesian medicine.

There is, moreover, little evidence that a deep involuntary restructuring would be any more traumatic than a deep voluntary restructuring.

Securitization made debt restructuring difficult, if not impossible.

Alternatives to a debt restructuring are fast disappearing.

That necessitates restructuring both tax and expenditure programs.

A country drowning in debt needs debt restructuring.

So began the restructuring of the sugar industry.

Plan

The safe assumption is that it will kiss good bye to any thought of further financial opening or restructuring and, instead, move sharply into reverse.

Insolvent states need help with restructuring, both in the financial sector and well beyond it, so that they can work their way out of crisis.

But that begs the question why should an involuntary restructuring lead to worse contagion than a voluntary restructuring of comparable depth?

If the bonds were acceptable as collateral before the restructuring, surely they were safer after the restructuring, and thus equally acceptable.

The EU s Financial Services Action Plan, launched in 1999 and implemented in stages, focused mainly on securities markets.

Because government provides deposit insurance, it plays a large role in restructuring (unlike other sectors). Normally, when a bank fails, the government engineers a financial restructuring if it has to put in money, it, of course, gains a stake in the future.

So plan B, always a plan B.

What is needed is coordinated restructuring and policy setting.

Europe also needs a restructuring policy for land use.

The whole point of restructuring was to discharge debt and make the remainder more manageable. If the bonds were acceptable as collateral before the restructuring, surely they were safer after the restructuring, and thus equally acceptable.

I like Tom's plan better than Mary's plan.

In the aftermath of the global financial crisis, the United Nations Commission of Experts on Reforms of the International Monetary and Financial System urged that we design an efficient and fair system for the restructuring of sovereign debt.

The new plan relies on a questionable mix of dubious financial engineering gimmicks and vague promises of modest Asian funding.

Recessions have important cleansing effects, helping to facilitate painful restructuring.

But increased competition, restructuring, and new technologies inevitably displace workers.