Even during recent negotiations to secure funding to fend off a collapse of their banking system and restructure a Russian loan, Cyprus balked at the idea of exchanging support for exploration and production rights to their offshore claims.
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On the financial front, foreign equity players were allowed to help clean up the banking system and to restructure bubble assets.
While they experienced some short term-pain, hitting the reset button allowed them to restructure the system and protect their future.
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It will do nothing about Argentina's fundamental problems, notably the need to overhaul its public finances and restructure the banking system.
Greece has an aging population and the need to restructure the social system to contain welfare costs has gone beyond critical.
Solution: Restructure the legal system to enable proper, streamlined titling of properties and businesses, which can then be leveraged and traded, thereby unlocking the value of the working poor's assets.
His solution is to restructure the legal system to enable proper, streamlined titling of properties and businesses, which can then be leveraged and traded, thereby unlocking the value of the working poor's assets.
The last, but probably most important reason for the Bank of Japan's stubbornness is that it is unwilling to stimulate the economy until the government cleans up the banking system and forces firms to restructure.
However, with support from international organizations, the government set to restructure the education system by introducing laws such as free and compulsory education for children up to age 16, and increased the budgets for school system expansion, human resources development and adult non-formal education programmes.
The monitoring and evaluation system of the AAEA is currently under restructure to improve its practices and provide well-established participatory monitoring.
Following a sharp decline in educational opportunities, standards and literacy rates during the transition, the Mongolian government has, with support from international organizations such as the Asian Development Bank (ADB), implemented major policies to restructure and rehabilitate the education system.
The actions we've taken to stabilize our financial system, to repair our credit markets, restructure our auto industry, and pass a recovery package have all been steps of necessity, not choice.
The temporary will now become permanent, requiring a change to the EU treaties, with a new system under which the euro zone can in future restructure the debts of insolvent countries that share the currency.
Yet the ECB only wants the job if it gets new powers, and access to funds, to restructure and wind down ailing banks, all backed by a credible system to guarantee bank deposits.
Work is now in hand which should make emerging-market defaults more manageable in the future, by a system of bankruptcy proceedings which would enable a debtor to negotiate with its creditors and restructure its debts once a majority of them agree.
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