Yet in this crisis, whether Europe has acted or not has depended on political will, not treaties.
And far from it, we saw in this crisis not to have sensible rules of the road.
Accordingly, the Center calls once again on the United States to offer real leadership in this crisis.
But perhaps denial is the most dominant characteristic of developed markets in this crisis so far, Booth says.
You might say it's not just economic power that has shifted from West to East in this crisis.
Our first order of business has been to recover the jobs and wealth that was lost in this crisis.
Bailouts have worked so far in this crisis, and capital markets continue to act as if they are the solution.
The weakness and the stubbornness you are showing in this crisis is an immediate danger for Gilad's life and health.
It has long been said that the eurozone faced a choice in this crisis between coming together - and breaking apart.
Mr. WESSEL: We have broken almost every rule and guideline and precedent so far in this crisis, and it's not over yet.
Everyone needs food in this crisis situation, so why should people like Sakal Sadah, Jamuna Devi and Puliya Musamaar be so discriminated against?
Nonetheless, in this crisis, argues Mr Scarpetta, Kurzarbeit may have spared some illiquid but solvent companies from laying off workers simply to preserve cash.
In this crisis, for Obama to now just advocate more of the same, with only new, warmed over rhetoric, is a complete abdication of leadership.
So as, you know, all these events kind of culminate in this crisis, the fear is that this could aggravate and accelerate the economic downturn.
"We all have our responsibility in this crisis, " 26-year-old singer Naba TT and co-founder of the movement tells me, "so we have to stick together".
The bellicosity in this crisis is coming almost entirely from Tehran.
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Arguably the key ministry in this crisis is the finance ministry.
Adamant that all the horse meat exported was properly labeled, the Romanian Prime Minister feels his country is being used as a scapegoat in this crisis.
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On every important dispute in this crisis, President Sarkozy has eventually had to give in to Germany: whether it's changing the treaties, or laying off the ECB.
Some elements in this crisis can indeed be traced back eventually to defects in Britain's system, notably the drift of power away from Parliament to the executive.
Participants expressed agony about the future of their country, although they have also realized their own part of responsibility in this crisis (even if it was passive).
So despite the calls for unity, it is difficult to see any grounds for compromise in this crisis, the flames having once again been fanned by Mr Rafsanjani's comments.
Yes, China and India, which for years have been far less connected to the global capitalist system than South Korea and the others, have fared much better in this crisis.
And we need to understand what went wrong in this crisis, that the very financial instruments that were designed to diversify risk across the banking system instead spread contagion across the globe.
"Congress should be focused on what it can do to help the people who need help in this crisis and on coming up with creative ways to stimulate the economy, " he says.
In the real world, however, a drop in bank lending does affect overall access to finance all the more so in this crisis, when the lending drought coincides with a sharp drop in securitisation.
At some moments in this crisis it has shown the way by agreeing to supply dollars to countries that needed them, and by guaranteeing the contracts of European banks when it rescued a big insurer.
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