Mr. Obama, advised by a task force he formed after taking office, forced G.M. and Chrysler through a government-managed bankruptcy, lending them $60 billion more so they could keep operating while restructuring.
"It's one of those areas where we're going to have to decide, do we keep it or restructure it as we move forward?" Perhaps we'll know soon.
Just how that debt would be restructured to keep Greece from falling even further behind remains an open question.
Yet the regulatory agencies that monitor the system have not been modernized or restructured to keep pace, and their policies have lagged behind reality as well.
ATHENS — Euro zone finance ministers meeting in Brussels decided Monday to continue drip-feeding payments of emergency aid to Greece, pressuring Athens to keep its promises to restructure the economy.
The new corporation, which would soon be known as "Big Mac," was authorized to borrow billions of dollars to pay the city's short-term debts, keep services going and restructure the financial burden it had accumulated over decades.
This typically means that the managers who bankrupt a firm can have a go at restructuring it to keep it alive.
Federal bankruptcy rules give companies in Chapter 11 only a few months to decide whether to keep or break leases, making restructuring particularly tough for retailers.
Greek Bailout Blues Euro zone governments and the European Central Bank keep insisting that a restructuring of Greece's sovereign debt is neither desirable nor necessary.
Those who are socially weak must be able to keep up during the restructuring of the energy system.k Appropriate relief from the EEG levy can even be provided to private households, by the way, by reform measures that are advisable in terms of energy policy anyway.
