Catalonia is on its fifth adjustment plan.

ECONOMIST: Europe��s troubled regions

In exchange for a more substantial energy-bill savings (5-10% of the summer's air-conditioning tariff), participating customers agree to an "Auto-Tune" of their Nest, a three-week adjustment period where the algorithms plan a regime that routinely rejiggers air-conditioning use during the day.

CNN: Nest's plan to stop brownouts before they start

The bail-out plan makes unprecedented demands for fiscal adjustment to trim both the current-account deficit and inflation.

ECONOMIST: Latvia has chosen economic torture over complete collapse

The government's plan to extract 80% of the adjustment from spending is a good starting point.

ECONOMIST: Britain's budget

The coalition will be relying on increased state revenue to account for about 80 per cent of the fiscal adjustment required in 2013 -- a reversal of the original bailout plan, in which consolidation was to be achieved mainly through spending cuts.

CNN: Portugal braced for 'fiscal earthquake'

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'