1. Short-term costs of restructuring the banks would be enormous. 2. For a healthy and sustainable recovery, countries would have to restructure ailing banks and eliminate bad investment and lending practices that brought on the crisis. 3. He said he would rebuild inner cities and support small businesses by strengthening the Small Business Administration and restructuring banks to increase loans to mom-and-pop establishments. 4. JAPAN WORKS ON BANK RESCUE PLAN The Japanese government moved a step closer to establishing a system to help restructure weak banks. 5. Now comes the IMF, demanding that bad banks be restructured, sold or closed as the price of rescue. 6. Seoul had wanted to restructure those banks, in part because a collapse would lead to big job losses. 7. Short-term costs of restructuring the banks would be enormous, analysts said. 8. That is where the demands by International Monetary Fund for fiscal and monetary austerity, in return for hefty loans to restructure the banks, fit in. 9. The announcement was expected as part of a broad restructuring the bank unveiled last week. |