The euro has always been primarily a financial construct, not a political one.

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The growth rate of the country must be crimped by this ongoing construct of financial burden carried by college graduates who need to postpone marriage and family formation.

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Delta One traders use sophisticated financial techniques, including derivatives, to construct investments - such as Exchange Traded Funds (ETFs) - that track financial indices or products.

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When there are contests to award complicated long-term contracts such as this one, civil servants construct their own financial model.

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Civil servants construct their own financial model when preparing to award long-term contracts such as the West Coast Main Line franchise.

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Along with financial support, Germany may have to yield some sovereignty to construct euro-wide economic government.

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Of course, the new long-term projects are not viable, whatever the financial models may indicate: artificially low rates do not create any additional savings with which to construct them.

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