German banks and companies, in a mirror image of what would happen in Greece, would suffer from the sudden devaluation of euro assets outside the new hard-currency zone.
Hard-pressed euro-zone governments now know that, if the worst comes to the worst, they have somewhere to run.
Those outside the euro zone are trying hard to meet its deficit targets, limiting any scope for fiscal policy.
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Nine years later, the Cyprus problem is still there, and any other supposed benefits of euro-zone membership are hard to spot.
On Martin's goal, Malkin curled behind the New York net with the puck and sent a hard pass high in the zone to Martin, who ripped a drive through traffic in front.
Some are so vast that the center is a countertop "dead zone, " a hard-to-reach place for spills to puddle.
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An orderly sale of Italy's state-owned industries and Greece's land holdings would take time, which is no longer available, so the immediate solution to the crisis is to place such hard assets in a euro-zone trust that would then issue euro-zone bonds backed by those assets.
Without a restoration of confidence in the ability of the euro zone to survive, it is hard to see how growth can return.
Although it is hard to say exactly where the real danger zone lies, it is clear that share prices are slipping close to it.
Many have continued to dwell on the main headlines worrying about the prospect of a euro zone break-up, a hard landing in China, or a recession in the U.S., among many others.
Not so long ago it might have been hard to find many executives who thought the euro zone would fracture.
Unable to devalue against their euro-zone partners, they must restore competitiveness the hard way, by lowering domestic costs.
For as long as the catastrophic collapse of the euro zone remains a real possibility, it is hard to see that changing.
Mr Sarkozy, in particular, sees an opportunity to turn the euro zone into an exclusive (and perhaps more protectionist) hard core, dominated by France and Germany.
By tweaking the design of a cull - expanding the central killing zone, and choosing sites carefully to take advantage of hard boundaries like rivers and motorways - Defra's chief veterinary officer Nigel Gibbens argues it should be possible to maximise the positive impact on bovine TB infection rates in cattle.
But given the problems of getting access to a war zone to gain conclusive evidence, finding absolutely definitive evidence may be hard and may take time.
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The political risk to the euro zone's austerity-first policy approach has been all the greater because there is little hard evidence yet to demonstrate it works.
In those years, in fact, his main pitch was a hard, high fastball that seemed to burst out of his hand and run up toward the top of the strike zone, the precise opposite of a cutter.
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