is generally up to the actors to deal with restructuring but a regulatory
framework does exist in each European country, setting out the rules
that define the process. National and regional governments may also
try to promote solutions and provide resources (funds and measures)
to alleviate the difficulties at national or local level.
regulatory frameworks are deeply rooted in national historical contexts,
and cultures, and are consistent with national institutional and
is then difficult to precisely understand how restructuring works
in each national context. However we have tried not only to explain
how I restructuring is dealt with in each country but also to compare
the various national approaches and to learn from these comparisons.