But it seemed clear that Iceland, already isolated by the financial-system collapse, would remain in a tenuous position.
Professor BRAD DELONG (Economics, University of California, Berkeley): You don't want to repeat the mistakes of the Great Depression, and the big mistake of the Great Depression was letting the banking system collapse.
When it arrived in America it was detected within months thanks to the vigilance of the country's Centres for Disease Control and Prevention in noticing clusters of a previously rare skin cancer that is often a symptom of immune-system collapse.
In that sense, it is fair to argue that the recent increases in the public-sector indebtedness of many developed economies is the consequence in large part of the decisions taken in 2007 and 2008 not to let the banks and the financial system collapse.
In a panic, incomplete paperwork could cause the whole system to collapse amid disputes about who owns which liabilities.
The worse thing that could happen to you is that your borrower goes under but the entire system avoids collapse.
Mr Fukui may have better luck with the Bank of Japan's other policy goal: keeping the financial system from collapse.
Indeed things have not changed as the high intelligent people still run our financial systems and where eventually because they have not the right thinking, the system will collapse again.
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The moment that Greece defaults, its bonds will no longer be eligible for use as ECB collateral, the Greek banking system will collapse, and this process will screech to a halt.
They recruit them, leaving the older, sicker seniors in Medicare, and every health care economist who looks at it says over time what will happen is the traditional Medicare system will collapse.
The plight of an economy in its fourth year of recession, with unemployment at near 25%, a banking system in collapse and many people's savings both devalued and inaccessible, is bound to arouse sympathy.
People need to pay for electric power or the system will literally collapse.
It was last that high in the summer of 2008, when the banking system was near collapse and Congress was deciding on a bailout.
In other words, unlike someone who wears a belt and suspenders, if one structural member fails, there is no redundant system to prevent collapse.
When the bubble burst in 1990, bad debts brought the banking system close to collapse and the nation fell into a decade of recession and deflation.
"A comprehensive approach is absolutely essential because if any one of the components is absent or weak and ineffective, the entire accountability system begins to collapse, " Walker said.
The banking system will not collapse because of this tomorrow.
Another priority is the construction of a mechanism to wind down any failed financial giant, not just banks, so that officials no longer face an unenviable choice between bail-outs (AIG) and system-shaking collapse (Lehman Brothers).
He said he had moved all his company's money off the island years earlier out of fear that the banking system would eventually collapse, and he suspected it wouldn't be a pretty sight when banks reopen.
The banking system would completely collapse.
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Additionally, the Fed failed to provide stability to our monetary system, resulting in the collapse of the U.S. banking system.
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" Therefore, he says, "you want to make it so that the system doesn't collapse completely.
Two of the countries in which it had investments, Paraguay and Ecuador, suffered system-wide financial collapse.
The American people went to extraordinary lengths a little more than a year ago to ensure that our financial system didn't collapse.
Once the government brought in a more-or-less credible safety-net, people seemed to become less afraid that Japan's financial system was about to collapse.
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After the killings, the Guatemalan authorities promised to impose stricter controls in jails, but also acknowledged that the prison system was close to collapse.
Property-related revenue plummeted and the banking system came close to collapse.
Metaphorically, it compels the builder of a quality general education system to shake each pillar that supports system quality and then allows the builder to focus the repairs on pillars that rattle the most and specifically those whose rattle threatens to collapse the system if not repaired.
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