Meanwhile, Malaysia seems intent on reflating the bubble pricked by last year's regional crisis.
Mali's difficulties are equally part of a wider regional crisis extending across the Sahel.
Any one of these things could lead to a regional crisis with global implications.
If it continues, or worsens, it could set off a new regional crisis.
And legend has it that ex-prime minister Mahathir cordoned off Malaysia in the regional crisis of the late 1990s.
Moreover, Taiwan initially escaped the worst aspects of the regional crisis, emerging with only a modest level of bad loans.
With regard to the Middle East, Iran threatens a regional crisis at least as severe as the last Persian Gulf war.
An unanswered question is whether China will stick out the regional crisis.
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Mr Estrada and his cabinet have held to the policies pursued by Mr Ramos, in spite of the temptations to deviate supplied by the regional crisis.
But if a large regional crisis erupted, particularly one that threatened the health of American banks, currency union would make assistance from the Federal Reserve much more likely.
The raid provoked the worst regional crisis in recent years.
When the regional crisis hit, Malaysia was not only in the middle of a nasty property glut, but was suffering from a credit explosion, with total bank credit expanding by 34% in 1997 alone.
Ambassador Rice at the U.N. yesterday laid out what she said was a worst-case scenario, and said that in fact it was the most probable scenario in the Syria crisis in which it becomes a regional sectarian crisis -- conflict, arms flowing to both sides in a kind of proxy war, and then the international community basically -- world powers start taking action outside of the U.N.
Rampant logging, which has devastated the environment, has slowed because of the regional economic crisis.
History raises questions about the almost exclusive focus on neonics to explain the regional bee crisis.
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The economy collapsed completely when struck by the regional financial crisis in 1997.
But the heavy debts of CP's China operations and his fledgling telecommunications flagship TelecomAsia hit him hard as the regional financial crisis took hold.
Thirdly, the fast-growing regional interdependence may seem to demand a regional financial-crisis response.
While the drought was regional, the crisis only led to famine in southern Somalia, where a governance failure and lack of access obstructed international relief efforts.
The chance of a regional power emerging from the crisis is strengthened by some other trends.
The agency says that drought, high food prices, severe poverty and regional conflict are causing the crisis.
Though individual investors some are more concerned, many believe view the debt crisis as a regional and not a global issue.
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South Africa is the designated regional mediator in the Zimbabwe crisis.
But there's a global olive oil crisis: the regional government had to inject 62m euros into olive oil cooperatives to get them through the collapse in prices.
IMF-led rescues of recent months for Thailand and Indonesia it is reasonable to ask what has been achieved by the recent rash of meetings held to fashion a regional response to the economic crisis.
Jim Della-Giacoma, south east regional director of the International Crisis Group, told the Today programme's James Naughtie that it was "something of a bold move" for the prime minister to visit the country.
The regional government argues that their funding crisis has been caused by the fact that the taxes collected by the Spanish in Catalonia greatly exceed the money Madrid sends back to fund the region's schools and hospitals.
At times of crisis, whether global or regional, all eyes turn to the Fund.
For now it is the Israel-Hezbollah-Syria triangle that represents the most dangerous front where the Syrian crisis could spill over into regional war.
The Sicilian regional government is gripped by a financial crisis.
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