101.   But the new government has embarked on structural reforms that its predecessor was unable to, and efforts are being made to boost international confidence.

102.   But the post-crisis recoveries proved illusory, thanks in part to an unsustainable information-technology wave, and the commitment to structural reforms questionable.

103.   But Simitis has not said how he plans to fund the outlays, as the government has failed to make progress on structural reforms.

104.   But the stock market has plunged since as many investors were disappointed over a lack of concrete steps to carry out structural reforms.

105.   But they said the sentiment remains bearish as the government seems reluctant about implementing the structural reforms, including administrative reform, that investors are hoping for.

106.   But the IMF mission leader stressed that substantial progress in the structural reform was required to make the transition process irreversible.

107.   But the report noted that structural reforms were needed in European nations to combat persistent unemployment.

108.   Camard, calling for structural reform, said one solution lies in allowing prices to send corrective signals through the economy.

109.   But the stock market has plunged since as many investors were disappointed over a lack of concrete steps to carry out structural reforms, including deregulation.

110.   Camdessus said Mexican authorities have designed a program to strengthen public finances, tighten monetary policy and make structural reforms to cut the deficit in its international account.