So savers in the periphery would need some additional reassurance that their money is safe.
If German inflation is much lower, the adjustment could require years of outright deflation in the periphery.
Yet look in the periphery of such allegorical tales and you can find some surprisingly accurate vaticination.
The catastrophe could start in the periphery, but it would spread fast and engulf the core soon enough.
The potential costs to banks of a blow-up in the periphery may then be lower than they first appear.
If this were to occur, the same extended schedule would apply to other nations in the periphery such as Portugal.
Those who remain behind in the periphery are increasingly the elderly, who require more and adequate health care and social services.
But optimists argue that the scale of the bond-market moves and the dynamics behind them are totally different in the core and in the periphery.
ECONOMIST: Get ready for more volatility in government bonds
In the periphery the government of Mario Monti in Italy has been more successful in calming the markets than that of Mariano Rajoy in Spain.
The Flaming Lips have been too long in the periphery of popular focus, and their new CD has all the elements to change that--hooks, lines and sirens.
If German prices rise by 3% a year and those in the periphery are flat, then countries like Spain, Portugal and Greece will gradually improve their costs relative to Germany.
If we were focusing just on the EUR, then the market should be expecting the trend of firmer data in Europe to continue this week, both in the core and in the periphery.
The Old Continent has already entered a recession, of mild proportions in France and Germany, and much more drastic in the periphery. (Read As Europe And The US March Toward Recession, Markets Are Waiting For Godot).
FORBES: Goldman's Hatzius: U.S. To Avoid Recession As Bernanke Unveils QE3, Europe Doomed
It is much more likely to come a part of a monetary policy response to the dramatic deterioration of the economic situation, which will be exacerbated in the periphery by barely suppressed panic in sovereign bond markets.
What that entire discussion fails to acknowledge is that the debt problem today is not so much of bloated, spendthrift governments in the periphery of Europe, but the fiscal after-shock of the 2008-2009 worldwide market meltdown of government revenues.
The data is consistent with an economic contraction across the board, which includes France and Germany, and is a presage of further fragility to come, given falls in new orders, low levels of business confidence, and signs of distress in the periphery.
FORBES: Europe Burning: PMIs Show Even France And Germany In Recession
What's more, a European fund would not have to be big enough to deal with simultaneous deposit runs across all of Europe but only with ones in the periphery, since money would presumably flow to banks in core countries such as Germany.
There are other strategies that could work, most notably relative deflation, or rather lower inflation in the periphery countries, higher inflation in the core, so that the relative costs and prices come into line but do so in the context of general inflation.
It is an obvious conclusion that market participants are making that corporate deposit outflows from certain Italian, Spanish, and perhaps some German and French banks is likely so this type of volatility is sure to continue until the deposit figures for each jurisdiction in the periphery are published in the aftermath of the Cyprus debacle.
And propping up countries, in the dire circumstances in which the periphery countries now find themselves, is not so very different from propping up governments.
That is how one market commentator has described the European Central Bank's (ECB) widely anticipated rate cut: Welcome, maybe, but unlikely to bring a big change in the weather for the periphery economies currently locked in the boot.
On the other hand, some 91% of its 200, 000 population increase occurred in the suburban periphery.
Moments later they left the scene, racing out through the same breach in the airport periphery through which they had entered.
The project involves seven partners including three UK Global Geoparks and will support the development of the Global Geoparks Network of geoheritage destinations in the Northern Periphery and Arctic Region.
In particular, the project should foster a more decentralized way of understanding this history by looking at the Organization s action through the perception and experience by actors in the field or the periphery rather than merely seen from the centre .
The only spreads that this foreign exchange market seems comfortable in touting are the periphery bond spreads.
Finally, another bout of higher global risk aversion or unexpectedly rapid increases in U.S. interest rates could lead to a sharp reversal in capital flows, although the experience during the recent turmoil in the euro area periphery suggests that such disruptions are unlikely to be overwhelming.
FORBES: Brazil, China, Commodities, Key To Latin America's Future, Say IMF And World Bank
Neither has a strong central core, and most of the jobs in the areas are on the periphery.
FORBES: Megacities And The Density Delusion: Why More People Doesn't Equal More Wealth
In accordance with the police guidelines, on Tuesday the marchers were transported to the periphery of the town in bullet-proof buses.
There is also disturbing evidence that the weakness in the so-called periphery countries has spread to the 'core' - not just France, where the index reflecting new manufacturing orders fell to its lowest level since 2009, but also to Germany.
应用推荐