Painful decisions will have to be made to revitalize banks, restructure industries and resurrect currencies.

CNN: A year of Living Dangerously

Who else, it asks, will make long-term loans to municipalities (and goad them to privatise services) or help restructure industries such as mining and railways?

ECONOMIST: The EBRD

Earlier this month, he told a conference of black managers that the government must restructure state industries more quickly.

ECONOMIST: Face value

The best way to help exports, say analysts, is to speed up privatisation and to restructure state industries, such as mining and steel-making.

ECONOMIST: The Polish zloty

The third is helping to restructure whole industries.

ECONOMIST: German banking investments

Unlike California vehicle standards that seek to directly restructure market shares within industries, voluntary incentive programs provide flexibility in case other adaptations need to be made as new program goals are met, or missed.

FORBES: Why Rahm Emmanuel Should Use More School Vouchers

As countries around the region begin to restructure and recapitalise their banking industries, they will free the banks to write off non-performing loans or trade them for equity without going into liquidation themselves.

ECONOMIST: Unconsummated lust