These restructuring efforts created the ideal conditions for the introduction of new technologies.

Such a tax would leave the oligarchs with plenty, and could even compensate them for their efforts at restructuring enterprises.

Devaluation and debt restructuring worked.

Hewlett Packard expects to cut 25,000 to 30,000 jobs as part of its restructuring and cost saving efforts at it enterprise services business.

Initial conditions matter in economic restructuring

Painful restructuring is sure to follow.

Calls for immediate debt restructuring went unheeded.

The Lethal Deferral of Greek Debt Restructuring

Defaulting, restructuring, changing the terms has consequences.

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.

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.

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.

Moreover, whereas Japan postponed corporate and bank restructuring for years, in the US private and especially public efforts to restructure assets and firms will start faster and be more aggressive.

Volunteer efforts

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

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

Debt restructuring would have given Europe the reset it needed.

Coercive restructuring of insolvent banks unsecured debt would be next.

That restructuring will occur, deficit spending or no deficit spending.

If most investors accept this offer, the restructuring occurs successfully.

2. Europe also needs a restructuring policy for land use.

Germany insists on a deep restructuring at least a 50 haircut for bondholders whereas the European Central Bank insists that any debt restructuring must be voluntary.

If this principle prevails, no one would ever accept debt restructuring.

Finally, global economic conditions will compel even more restructuring upon Japan.

When discipline failed to solve the problem, he launched perestroika ( restructuring ).

No debt restructuring took place and, small surprise, Russia's economy collapsed.

The inapplicability of Chapter 9 makes orderly debt restructuring very difficult.

Fishy Conservation Efforts

Hasbara efforts expand

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.

But, as we know from experience, there is life after debt restructuring.

The restructuring of economies away from finance will necessarily take some time.

So it is not debt restructuring, but its absence, that is immoral.

Restructuring a SOE into a shareholding firm and listing it improves performance.

Third is growth led by economic restructuring and diversification into new products.

That restructuring will occur, deficit spending or no deficit spending. So policy needs to acknowledge the fact that there are limits to how fast this restructuring can be accomplished.

His efforts bore fruit.