1.   What they have not been able to do, however, is fix the structural imbalance that shows up in projections for new budget gaps in the future.

2.   Yet Giuliani still has not been able to correct the structural imbalances that keep expenses growing faster than revenues.

3.   According to this argument, the crux of the problem of the balance of payments in developing countries largely lies in the structural imbalance at the international level.

4.   After all, what we are facing now is not a short-term liquidity crisis but the cumulative brunt of long-neglected structural imbalances.

5.   The point is we have a serious structural imbalance with Japan and China.