In the interim, any GDP growth or employment gains that result from stimulus actually compounds the difficulty in restructuring the economy.
FORBES: Fed Is Killing The Recovery With Quantitative Easing
At the heart of the five-year plan is a focus on boosting domestic consumption and restructuring its economy toward more sustained growth.
FORBES: Will the Chinese Government Be Able to Manage the Future?
China is restructuring the economy, moving away from its old export driven model towards a more dynamic one with new, cutting edge technology and industry.
Even with a debt write-down and bailout money it remains difficult to see how the Greeks themselves plan on restructuring their economy and public sector for a sustainable long-term.
After one has made every last power plant, jet engine, assembly line and car as efficient as they can possibly be given today's technology, one either hopes for an energy-boosting technological miracle or else starts restructuring the economy.
In February, he published a book on the restructuring of the economy.
"The headwinds on this economy from restructuring - and the restructuring process still has a long way to go - will be around for some time, " says Russell Jones, chief economist at Lehman Brothers Japan.
Spain may miss its 2013 target, reflecting the significant weakness in the economy and the restructuring of its banking sector.
Hashimoto has earned kudos for his "Big Bang" reforms, which involve restructuring the nation's economy, fiscal policy and finance sector.
Cooper and Nemerever's strategy is based on the premise that honoring a contract is paramount for any country in the global economy, and restructuring a loan can be seen in that spirit.
The second factor is the wholesale restructuring of chunks of the American economy.
Mr Kim has also met leaders of South Korea's big conglomerates -- the chaebols -- and has warned that these onetime pillars of the country's economy must carry out fundamental restructuring that would include weaning them off their cosy relationship with government.
This will set off a flurry of restructuring in Europe's biggest but worryingly sluggish economy, because German companies' balance sheets contain huge hidden reserves derived from long-term holdings of shares in other companies.
Meanwhile, time, corporate restructuring and exports to China have been great healers for the economy, putting the country into stronger shape to accept reform too.
Broadly, the resolution of the Crisis involves a four-stage process: stabilizing the currency, lowering interest rates, restructuring the financial sector and, finally, kick-starting the economy.
The debt-restructuring scheme announced by the industry ministry has been passed to the economy ministry, which is unlikely to contribute any public money to it.
Warning against "Father Christmas" tax cuts or giveaways, he said targeted investment in infrastructure, support for manufacturing and a fundamental restructuring of the banking system were important steps to "rebuilding our broken economy from the rubble".
BBC: Lib Dem conference: Cable likens economic crisis to war
The banking system had grown to eight times the size of the Cypriot economy's annual economic output - or GDP - although the restructuring of the two biggest lenders should significantly shrink that number.
Although the economy is picking up, the equity market is going to be driven by earnings growth and corporate restructuring, which I don't see happening.
"Macroeconomic stability is not yet achieved and a solid basis for sustainable public finances remains to be established... significant restructuring is needed, especially in banking, agriculture and state enterprises, in order to guarantee competitiveness for the economy as a whole, " the EU says.
应用推荐