Recent developments at the bank were also a source of worry, including an increase in the stake held by the Libyan Investment Authority and a deep restructuring of the Italian consumer banking arm.
Mr. Fields, who has worked at Ford for 23 years, helped lead a deep restructuring of the Americas division that has transformed the region from a money-loser into the company's most profitable business.
The overall euro deal being discussed is complicated, including a deep restructuring of Greek debt, an injection of new capital into European banks made vulnerable by exposure to sovereign debt and an expansion of a bailout fund so that it can ward off a financial panic in the large economy of Italy as well as in tiny Greece and Portugal.
These requirements are the catalysts of a deep restructuring of all national railway companies as well as the newly formed operators willing to enter the market.
Adaptation to the European Higher Education Area EHEAA) is going to involve a deep restructuring of university teaching regarding curriculum design, learning methodologies and assessment models ("Competences").
By insisting on it being voluntary, the ECB may be trying to ensure that the restructuring is not deep; but, in that case, it is putting the banks' interests before that of Greece, for which a deep restructuring is essential if it is to emerge from the crisis.
Germany insists on a deep restructuring – at least a 50% "haircut" for bondholders – whereas the European Central Bank insists that any debt restructuring must be voluntary.
A deep restructuring that was started in 1997 by Treschow is now paying big dividends and is expected to yield annual savings of $230 million, beginning in 2003.
Further, they have undergone a deep restructuring in part due to the financing decisions made in the pre-crisis period.
A communique from the Irish government explained that it will require "further deep restructuring" of its banking system.
