On this plan, the EFSF could then be a proper European Monetary Fund, with one side managing adjustment programmes and (where necessary) orderly debt restructuring, and the other side using ECB liquidity to support confidence in solvent but troubled governments, by buying their bonds on the secondary market.

BBC: Central banks and the 'spirit of 2008'

Undertake, in cooperation with universities and research institutes, policy research and sector studies for the reform or restructuring of national science, technology and innovation systems as part of the economic reform or structural adjustment programmes of Member States.

UNESCO: Vacancy : Senior Programme Specialist (24/5/2011) (SC 433 - (P5))