What the euro's disciples underestimated, however, is how abruptly and severely the crisis would fall upon the euro zone.
Some have suggested that the solution lies in technology - telecare with devices "keeping watch" for the unforeseen crisis or fall.
The financial crisis in fall 2008 and 2009 rocked the world. the economic recovery has begun, and global GDP is expected to reach 2.7% in 2010 and 3.2% in 2011.
Thanks in part to the credit crisis, the fall was reinforced by a dearth of contrarian gainers.
As costs tied to the financial crisis and recession fall that number will drop to 19 percent or 20 percent (baseline versus alternative scenarios) in 2018.
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The new program lets the brokerages borrow for 28 days, but more significantly, it allows the brokerages to offload a broader array of mortgage paper, which has been the bane of their existence since the credit crisis began last fall.
This crisis produced a big fall in the value of American companies on Wall Street.
It's very important in crisis management not to fall into a comfortable pattern because you may be misperceiving the data.
And I also urge Congress to continue moving forward on financial reform that will help prevent the crisis we saw last fall from happening again.
Yet, historians 400 years into the future would remember this past quarter century, Summers said, not for the global financial crisis or even the fall of the Berlin Wall, but the way that a third of humanity was lifted out of poverty and had their standards of living improved multifold.
The debt of Asian economies is also now partly in their own currency, which would fall in a crisis, taking some of the strain.
Add a resurgence of sovereign debt woes stemming from Europe and the situation in Greece, and it seems like things are only getting worse. (Read Oil, Dollar Fall Amid Greek Crisis And Global Slowdown).
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We estimate that the Yield on Fixed-Income Trading Securities fell from 5% in 2005 to 2.8% in 2007, with the company suffering losses on structured credit products during the subprime crisis. in addition to fall in volumes and liquidity during the global economic downturn.
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The rise in natural gas production has kept the prices from rising rapidly after the fall during the economic crisis of 2008-09.
If it were to fall, the debt crisis would become far graver.
The Foreign Secretary, David Miliband, says the British economy is in far better shape than Greece's, where a financial crisis has caused stocks markets to fall sharply around the world.
European politicians, unable to fashion a unified fiscal response to the crisis, will embrace a sharp fall in the euro's value against the dollar and yuan as perhaps the only source of relief.
That being the case, one cannot help but feel that we are still waiting for the other shoe to fall from the European financial crisis.
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Spain's borrowing costs have been rising as investors in the bond market fear it could become the next euro area nation to fall victim to the debt crisis.
The Italian vote left the market place wondering when the next shoe will fall in the EU debt crisis that remains a serious matter in the world market place.
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In the fall of 2007, the financial crisis was simmering but hadn't yet boiled over.
Southern Europe was particularly hard hit, suffering a 19% fall in sales as the financial crisis continued to bite.
In addition to the fall-out from the financial crisis elsewhere in Asia, the Japanese economy has two homegrown problems.
Spain, to cite one major economy in severe financial crisis, has allowed its defense spending to fall below 1% of GDP.
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By the fall of 2008, the financial crisis hit and we had to decide whether to fold the company or plow through.
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Conflict in Northern Ireland, the fall-out from the oil crisis and continuing industrial conflict between the government and unions were recurring domestic themes.
Mr Berlusconi said Italy had "solid economic foundations" and called the recent fall in bond yields a "crisis of faith in the international markets".
Leaders coordinated actions to fend off the aftershocks of the U.S. and European financial crisis which went into high gear in the fall that year.
By calling an election for October 3rd, Mr Howard is hoping to avoid the worst of voter anger at the economic fall-out from the Asian crisis.
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