The emergency recapitalisations of last autumn staved off the wholesale collapse of financial systems.

去年秋季采取的再资本化紧急措施避免了金融体系的大规模坍塌。

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Mr Fuld went from being a powerful and influential figure to being despised following the collapse of Lehman last autumn.

去年秋季雷曼兄弟垮掉后，富尔德受到了人们的轻视，他原本是一位有影响力的重要人物。

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Things may be better than last autumn when there was an imminent threat of a financial collapse but the recovery is built on very short-term foundations.

去年秋天时，金融崩盘的威胁步步逼近，同那时比起来现在经济状况已经有所好转，但此次复苏的根基太浅。

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Mr Olmert, however, brought the right-wing nationalist Yisrael Beiteinu party into his coalition last autumn, which shields the government from collapse but also blocks serious pro-peace moves.

ECONOMIST: Why Israelis feel their country is suffering from a malaise

Things may be better than last autumn when there was an imminent threat of a financial collapse but the recovery is built on very short-term foundations.

ECONOMIST: Unrepentant bears

That is a larger premium even than during the financial crisis caused by the collapse of Long-Term Capital Management in the autumn of 1998.

ECONOMIST: Signs of a crunch in America's markets for credit