THE government should learn a lesson from the restructuring of the huge debts of Krakatau Steel. The steel producer can now breathe more easily—at least for the time being. Repayment of debts totaling US$2.2 billion, or around Rp27 trillion, from 10 state, private and foreign banks has now been delayed until 2027. The total debt burden has been reduced from US$847 million to US$466 million. As a result, for the first time in eight years, th