It is only now, nearly four years after the collapse of Lehman Brothers, that the commission has issued a proposal for an EU-wide system of restructuring and winding up failing banks, to take effect in 2018.
Some say that a formal debt-restructuring system will raise the cost of borrowing and frighten skittish markets.
These include an aging population, a financial system that badly needs restructuring, and deregualtion of industries that other developed nations addressed long ago.
Progress has been made in restructuring the financial system, but it has been an arduous exercise.
And it needs mechanisms for dealing with failure, such as an orderly system for sovereign-debt restructuring.
Supermarket Tesco is restructuring its distribution system in the UK with the closure of three centres and the transfer of 2, 000 jobs.
Tesco is restructuring its distribution system in the UK, with the closure of three centres - including Harlow - and the transfer of 2, 000 jobs.
The bill approved by the cabinet last week has some bold bits, yet it is more an exercise in shuffling around the costs than a true restructuring of the system.
Restructuring of the financial system, awash with red ink, has barely begun although 16 of Indonesia's 240 banks were closed down last year, and others have been told to raise their capital.
Since then, two of those countries, Latvia and Cyprus, have needed financial aid from the EU and International Monetary Fund, while Slovenia is restructuring its ailing banking system to avoid requesting a bailout.
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".
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It said that the merger was part of the restructuring of the Spanish financial system.
Administration officials, in outlining three options for restructuring the housing-finance system, have been emphasizing areas of agreement with Republicans, stressing that they favor a system that is less dependent on government support.
The international creditors, led by the IMF, were seeking a fundamental restructuring of the outsized financial system, which is worth up to eight times the country's gross domestic product of about 18 billion euros.
It is dubbed the "Outline for National Tourism and Leisure (2013-2020)" and is a roadmap for restructuring the current paid leave system across China with an aim to encourage governmental agencies, social organizations, enterprises and public institutions to promote the use of leave days.
After watching their financial sector collapse because of their exposure to the restructuring of the Greek banking system, Cyprus proposed the rescue package last year, but have been unable to negotiate a final deal, despite launching a round of spending and state salary cuts under the outgoing government.
Because its financial system proved better at supporting new companies and restructuring failing ones?
Tensions nearly boiled over during meetings on Sunday evening, when Cypriot President Nicos Anastasiades threatened to resign amid demands from the IMF and European officials for a deep restructuring of Cyprus's banking system, an official familiar with the incident said.
Mr Fichtner disputes the central argument that restructuring would imperil Europe's banking system.
Congress is beginning to take the first steps in its long journey toward restructuring the country's battered financial system.
In what has been for most politicians three months of absorption in the exigencies of the disaster, the bureaucracy has nonetheless plodded on to produce a financial restructuring proposal for the old age welfare system, particularly pensions.
But, I mean, look, I think that people have conflated money lent to banks, much of it paid back with interest, to stabilize the financial system, or investments that had to be made in restructuring auto companies with the recovery plan.
China's current political system, however, cannot sustain the pace of necessary economic restructuring.
"This requires fundamental reorientation and restructuring of national and international institutions toward more effective Earth system governance and planetary stewardship, " they write.
The macroeconomic picture has improved and investor confidence has found a new lease on life after Tokyo halted the deterioration of the banking system, public funds juiced up the statistics and numerous private companies began restructuring their operations.
This includes a fundamental reorientation and restructuring of national and international institutions to move to effective Earth-system governance.
The unions are calling for pay rises, a recruitment drive and the scrapping of a restructuring programme, which they say would privatise part of the rail system.
But, oddly, while many Republicans support major Medicare restructuring, they are doing everything they can to destroy the very system of universal private insurance that would make vouchers feasible.
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Some observers speculate the bank has had its own agenda: A harsh money policy would force fundamental restructuring of Japanese companies and banks and perhaps even push politicians to begin reforming their deeply corrupt political system.
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