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Many other risks remain, including the possibility that as market pressure eases, governments may step back from painful but necessary bank restructuring, budget cuts and long-term economic overhauls because of political and social opposition.
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Instead, Egypt's jobless rate has risen to almost 13 percent in two years, from 9 percent, economic growth has slowed to 2 percent, from about 5.5 percent, and there are very few moves being made to restructure budget allocations.
In his new post he successfully gained control of Pentagon operations and the military bureaucracy, encouraged the modernization of the armed forces, restructured budget procedures, and cut costs by refusing to spend money on what he believed were unnecessary or obsolete weapons systems.
Gen Houghton said the forces were still in the "early days" of restructuring after budget cuts.
Only when changes that enhance capital mobility take place and when employment is increasing at a faster clip, can the federal and state governments attend to the long-term task of fundamentally restructuring their budgets and optimizing their spending and taxing processes.
"We have got to restructure the budget and the organization".
He eventually cut the city work force by 65,000, froze wages, reduced services, raised taxes and restructured the budget.
She added that the €10bn "should not be on top of the current EU budget, but should be achieved by restructuring the current budget".
Obama should start by restructuring the federal budget to include a "capital investment budget" -- separate from PAYGO and the annual appropriations process -- which would be used for long-term investments in physical capital, R&D activities, and possibly human capital (education).
They can start by restructuring their school budgets to automatically expand and contract with enrollment.
Weaknesses: Last year's restructuring and budget reduction reduced the team to 450 employees from 700.
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