the crisis

After the meeting with Wen, Bush said the United States appreciates China's role in promoting negotiations to resolve the crisis.

The 85 billion bailout is not a small sum of money and is supposed to help Ireland out of the crisis if appropriately used.

I may not live long enough to see the crisis, but my soul is going to come back and haunt you.

How do we ensure that this unprecedented support and co-ordination at the international level does not evaporate once the crisis is over?

At length the crisis of the old man's disorder was past, and he began to mend.

No single one of these currents prolongs the crisis. It is the product of the complex interplay between them.

Regulators did not cause the crisis, but things might have been done that were not done and there were specific procedural failings.

Olivier Blanchard, the IMF's economic counsellor, said the current signs of recovery "should not fool governments that the crisis is over" .

The crisis, he said, was like a rope with a knot in the middle: the more each side was pulled, the more the knot would tighten.

Daily life in Italy does not seem to be overly affected by the crisis.

"Despite the crisis, Berlin is still attractive, " he said, adding it was a bargain destination for tourists.

After the crisis in Canada, I thought it was an appropriate title for the film because Dimitri can be dangerous with his love.

So how much is enough to end the crisis?

I said that the next phase of the crisis was going to be tricky.

People from across the world are eager to hear words of wisdom from here that will give them strength to tide over the crisis.

The countdown to the crisis actually began a year ago, when the Bush administration lopped off the dollop of bridging funds it had promised.

Spending cuts and other austerity measures "might be an effective tool to contain the crisis, " he said.

Since the crisis the bank has increased its market share in all its main businesses, from retail and investment banking to asset management.

Only in the past few weeks has it become clear how much the Italian economy suffered in the crisis.

He said the crisis puts at risk recent hard-won gains in faster economic growth, lower poverty and greater political stability.

The crisis passed, but the next morning Clyde's condition was still grave. Gussie sat there exhausted, trying to put on a bright face.

Such a change in strategy is happening today in those eurozone countries that have been caught up in the tailspin of the crisis.

Without such an event, there was no chance of obtaining the resources needed to resolve the crisis, above all from the US Congress.

One person who was in a meeting with him early in the crisis remembers his saying: "We have to choose to be calm. "

Leading up to the crisis, market participants and policymakers failed to understand the interconnections within the "shadow banking" system.

How, indeed? Moreover, one of the features of the crisis is how widely distributed securitised loans turned out to be.

I decided to be part of the Constitution handed over power to Vice President, I believe, will be able to successfully resolve the crisis.

Although the crisis slowed enrollment in the U. S. from many countries, it had no such impact on China.

The FDIC may have special powers but it only allowed one biggish dismemberment during the crisis, that of Washington Mutual.

Or will the crisis worsen into a more serious attack on the leadership of the company?

But it's not at all what happened in Ireland and Spain, both of which had low debt and budget surpluses on the eve of the crisis.

The crisis of modern pedagogy does not lie in its scientificalness, but lies in the fact that regarding itself as the only form of pedagogy.

In a strange inversion of the crisis to date, the new bail-out plan seems to have helped the weaker peripherals and hurt the stronger ones.

All these things together basically created a factor where the consumer sort of drove us headlong into the crisis that we face today.

Mr Sarkozy's overriding objective, at least before the crisis, was to raise France's trend rate of growth by a percentage point.

Meanwhile, Wall Street's culture of excess seems to have been barely dented by the crisis.

The excess capacity is created in the run-up to the crisis, when underpricing of risk expedites a substantial build-up in the capital stock.

As with any other problem that needs solving, the first step in crisis management is to identify the true extent and nature of the crisis.

"The only way out of the crisis is to increase food production, in particular in poor countries, " he said.

France's Nicolas Sarkozy was the only one who insisted last week that the crisis spelt the demise of "Anglo-Saxon capitalism" .

Similarly Jean Claude Trichet, head of the European Central Bank, spoke about how the dust had begun to settle on the crisis.

If only Iceland had been a member of the European Union and eurozone, the argument went, it would have escaped the crisis and humiliation.

The only thing likely to win the euro friends would be a coherent response to the crisis. But that looks a way off yet.

"Any help that China can offer now is not just a capital injection but its own lessons from the crisis, " Jin added.

The result of this meeting was that some departments provided some solutions for the crisis.

He said the financial services industry would be-changed dramatically by the crisis, emerging with fewer competitors and more regulation.

Everywhere the exploiters are trying to make the workers, the poor peasants, the excluded, the suffering masses pay the price of the crisis.

The general manager called on his staff for dedication to the firm during the time of the crisis.

The irony that the roots of the crisis lie in housing markets, where turnover costs are high, is often lost on the tax's proponents.

The EUR has at least found a semblance of stability, as expectations that Eurozone officials find some way of the crisis, has intensified.

Before the crisis, hardly anyone realized just how much risk the banks were taking on.

The crisis has toppled seven euro-zone governments in less than a year, including those in Spain, Italy and Portugal.

The ability to recover from the crisis depends on how much confidence can be established.

The crisis and its fiscal and monetary aftermath destroyed the rich old world's credibility as a purveyor of any sort of financial wisdom.

It navigated the crisis best of all the investment banks and does not run itself as if it is bound to get bailed out.

"We must maintain efforts until the moment we finally overcome the crisis, " he said.

Although China's banking crisis has not occurred, the fact that the vulnerability of the banking system is often a key factor in the crisis.

The former investment banker has not been indolent: his department has been a factory for acronyms since the crisis began.

The battle for the last basis point of yield did not happen and this helped Asian banks to come out of the crisis relatively well-placed.

Mr. Murdoch said the company had handled the crisis 'extremely well in every way possible, ' making just 'minor mistakes. '

They are scrambling to hold on to policies and trying to radicalise things in an effort to affect a moratorium on the crisis.

He admitted that the law by itself was not enough to deal with the crisis. "But today does mark the beginning of the end, " he said.

Supachai said the U. S. financial rescue package will provide only temporary relief, not a solution to the crisis.

There was no sign of a shift from the German chancellor either on a more ambitious mission for the ECB in addressing the crisis.

So how much capital would the system have needed to have survived the crisis unscathed ?

In the depth of the crisis, as trade for a while seized up, the region, as one of the most trade-dependent in the world, saw growth plummet.

He said he has directed his administration to draw up a full range of options to respond to the crisis.

But experts said the Japanese plan by no means provides a final settlement of the crisis.

Rusk says the crisis is forcing her to think hard about her purchases.

Some observers also said the bank benefited by passing up certain overseas opportunities before the crisis.

Alarm and grief at the crisis in his wife's precarious health were enough to distract Liang.

If the financial press had been doing more robust reporting, he said, the crisis might have been minimized or might not have happened.

For the first time since the crisis erupted two years ago, global leaders went a few millimetres beyond what was expected of them.

Had all this been done sooner, the crisis might have been contained more easily, and at lower cost.

The experience of the United States over the past few months made it clear that the crisis in a comprehensive way, piecemeal is not enough.

Already, in the British residential market at least, estate agents are talking as if the crisis is over.

We took our seats by a table in his office, and he began to explain the crisis from two years earlier, with the fall of Flight 447.

He said all G20 nations agreed on the need for a strong regulatory response to the crisis and on the broad shape it should take.

During the crisis, pundits talked as if consumers would return to depression-era habits, and just hoard all the essentials.

Nevertheless, even if the euro system was not at the heart of the crisis, it needs to be able to withstand two standard deviation shocks.

As the crisis escalated Mr Luzhkov made the unorthodox decision to leave Moscow for a foreign holiday.

Chinese officials have been working hard over the past few days to at least appear to be mediating in the crisis.

The program was just part of a range of measures undertaken in Tanzania to help people cope with the crisis.

'The crisis will have a positive impact on governments as they have to understand we need freedom to run the business, ' he said.

He said the crisis would result in a doubling of US public debt to about 80 per cent of gross domestic product.

Well, at this point, Greece, where the crisis began, is no more than a grim sideshow.

The new funds are likely at first to be conservative investors, mindful of how much existing funds have suffered during the crisis.

Sumka said the needs are quite extensive, and USAID is prepared to provide additional commodities as needed and if the crisis expands.

Economists also warned that some of the improvement was the result of restocking by companies that ran down inventories during the crisis.

Consider the case of Spain, which on the eve of the crisis appeared to be a model fiscal citizen.

Sumka said the needs are quite extensive, and USAID is prepared to provide additional commodities as needed and if the crisis expands.

Economists also warned that some of the improvement was the result of restocking by companies that ran down inventories during the crisis.

Consider the case of Spain, which on the eve of the crisis appeared to be a model fiscal citizen.

Some analysts commend him for his handling of the crisis so far.

He said the crisis could accelerate industry consolidation by forcing small producers out of business.

The logic of the crisis seems to call for an intervention, not at step 4, but at step 2: the financial system needs more capital.

milestones that create a sense of its dominance at a time when other nations continue to struggle with the aftermath of the crisis.

Therefore, this sort of system, in a certain sense, has become an essential factor triggering the crisis in rural governance.

Mr. Mbeki said he would continue to push for a solution to the crisis, even if it takes six months.

What I expected to get out of the programme was something about how people outside the banking system viewed the crisis.

"The crisis is global, " he said. "The so-called decoupling theory is totally misleading. "

The crisis came just as Europe is trying to recover from its worst recession in generations.

A year later, with the crisis still rolling, it's clear that I was right to be afraid.

I disagree with the conclusion but agree with one of the premises: that discretionary fiscal policy was a disappointment during the crisis.

One surprising result of the crisis has been a softening of opposition to the idea of adopting Europe's single currency, the euro.

Many progressive, westernized Albanians had continued to entertain hopes for a rational settlement of the crisis.

Perhaps the next stage of the crisis will be so severe that everybody grows scared enough to accept it as a lesser evil.

He said in a speech on Wall Street that some of the "old ways" that led to the crisis have already returned.

But creative investment at home might not be enough to help high-income countries get out of the crisis.

Every time there is an EU summit and an announcement of a new deal to solve the crisis, markets bounce for a few days.

HSBC defended its pay plans, pointing out that it had not taken taxpayers' money during the crisis and had been profitable.

In the recent panic, the children ran to their mother even though her mistakes did so much to cause the crisis.

On the eve of the crisis Ireland seemed to be in good shape, fiscally speaking, with a balanced budget and a low level of public debt.

Germany's finance minister, Peer Steinbruck, has said the crisis will reduce US financial hegemony and create a more multipolar world.

She felt almost ready to faint, so vivid was her sense of the crisis.

Yet they seem to be weathering the crisis better than most.

For Japan even more than Germany, the crisis has been a total disaster and the concept of export-led growth has been discredited.

Given the scale of the crisis he inherited, he could have decided to focus the whole of his first term single-mindedly on economic recovery.

Have to ask ourselves if the crisis continued a year, you have enough savings?

The crisis that began a year ago may yet mark another turning-point in the relationship between America's politicians and its central bank.

Fluctuating inventories have been a big influence on overall economic activity since the onset of the crisis.

"Russians are drinking a little bit more due to the crisis, and this helped me get out of the rubbish dump, " Konovalov said.

Prior to the crisis the general consensus was that rich countries could safely have public debts worth 60% of GDP.

To see why, note that the Fed has taken on implicit fiscal responsibilities as part of its response to the crisis.

Like Mr Trichet, Mr Paulson said the complexity and global distribution of the securities at the heart of the crisis would prolong it.

His comments reflect growing frustration in London and Washington at the incremental approach so far adopted in response to the crisis.

The U. N. has appealed for more than $1 billion to address the crisis and has so far raised about 40 percent of the money it has requested.

Lehman was the first global systemically important institution that was allowed to fail during the crisis. It was also the last.

As the crisis has unfolded over the past year, most regulators, politicians, investors and voters have been left in a state of utter shock.

It would be wrong to conclude that, in trying to get ahead of the crisis, the euro zone's policymakers have already gone too far.

While the first priority was to manage the crisis, he said the world must begin considering its longer term lessons.

For a moment, it looked as if the crisis of Bani Walid, one of Muammar Gaddafi's purported cities of refuge, had been averted.

And economists like Mr Brunnermeier are trying to fit their small, "blackboard" models of the crisis into a larger macroeconomic frame.

Back then, he said, 'the crisis in Greece would have already bankrupted Brazil. '

He did not wish to drive the crisis beyond the point of no return.

They are responding to fears that excessive leverage in investment banking businesses was one of the causes of the crisis.

And, since the beginning of the crisis, dealing with global imbalances has gone down the priority list.

President George W. Bush said the U. S. would host a summit of world leaders to discuss the global response to the crisis.

The U. S. Embassy flew in two planes to evacuate its citizens to Seoul, in an extraordinary move that underscored the gravity of the crisis.

Analysts said the government should take the crisis as an opportunity finally to force weak lenders out of the market.

Traders had also been betting that the rest of the eurozone lacked the political will to help its southern neighbours through the crisis.

Across much of Europe, with the exception of France, the crisis has so far seemed to help the right more than the left.

But this time was different: the crisis brought Barack Obama to power close to the beginning of the economic collapse.

Likewise, an agenda for getting out of the crisis and setting the global economy on a more balanced path does not depend on the yuan.

China has been less damaged by the crisis, however, and its financial institutions are more prepared to lend.

The clamour to call an end to the crisis in recent weeks in itself shows that optimism has not been extinguished.

Given that this kind of extreme risk perception will be reversed only slowly, the full resolution of the crisis will inevitably take time.

In an op-ed article in The Wall Street Journal, Mr. Toyoda sketched a strategy for steering his company out of the crisis.

Given the urgency of the crisis, therefore, it may be necessary to turn to the ECB for assistance.

As one of important events during the Cold War, the crisis have had a significant impact on the Middle East region and the world.

He also said the crisis had hit at a "relatively favorable" time, with low unemployment rates in many European countries.

Within this system, the crisis can only be solved at the expense of the working class, the peasants, the poor, the migrants and youth.

Authorities in different countries are reluctant to strengthen regulation as if the crisis never happened.

"The bargain stage for Chinese stocks is over but it is too early to talk about real bubbles just one year after the crisis, " he said.

The crisis has led to a bail-out of the US car industry and a government role in how it will be run.

So, in addition to trying to stop the crisis, what we also wanted to do was make sure that we were helping people get back on their feet.

And after a while there came a point we began to feel, "Well, maybe we're past the crisis. "

"The depth and systemic nature of the crisis call for exceptional vigilance, coordination and readiness to take bold action, " the IMF said.

Well, I suppose you could say the crisis gave Mr Obama a helping hand into the White House.

A year after Lehman Brothers collapsed, a think-tank has warned the lessons of the crisis have not been learned.

Voters may have been responding to his tenacity, in grappling with the crisis and his own illness.

We adjust to the crisis of the moment and move on, but the underlying cancer continues to grow, eating away at the system.

According to EPFR, which tracks such flows, this was the third-largest withdrawal on record, and the first of any size since the crisis.

In the years before the crisis , there was a race to the bottom, with countries competing on the "lightness " of regulation .

Emergency aid has been used when the real nature of the crisis is chronic and long-term.

It's not easy to decide taking them because it seems like the crisis demands our hard work without stopping.

'There's also a sort of underlying sense of guilt about what happened during the crisis. '

Since the crisis, governments have been borrowing furiously to make up for retrenchment in private spending.

Ahead of the crisis, regulators, myself included, did not understand the risk of subprime mortgage paper in bank portfolios.

Instead banks are lining up to repay the public capital they received during the depths of the crisis some six months ago.

It was the first Asian country to move into recession when the crisis hit home in 2008, and the first to start growing again a year ago.

Even so, it is wrong to conclude that, in trying to get ahead of the crisis, the euro zone's policymakers have gone too far.

Before the crisis broke out in 2008, the US manufacturing sector was enjoying a revival accompanied by an increase in merchandise exports.

The fate of Mr Bengdara is attracting much attention but bankers say he was already on his way out before the crisis.

The condition of the spent fuel pools has been a source of rising anxiety and confusion since the crisis began.

Therefore, the integrated management or not is not the main cause of the crisis in the financial institutions.

The Basel rules will force it to hold much more equity than it had going into the crisis.

Still, he said it does suggest that the European Central Bank soon will be moving more aggressively to deal with the crisis.

But if the mood sours as the crisis drags on, the party might have trouble sustaining that argument.

His approach in the crisis has been that of a hard-driving chief executive, not a politician.

Ferguson noted that three years after the crisis, not a single financial executive has gone to jail, "and that's wrong, " he said.

The crisis is taken as evidence that the euro area is so far from being an optimal currency area that it is doomed.

Earlier, in a rare public appearance, Japan's Emperor Akihito said he was "deeply worried" about the crisis his country was facing.

Throughout the crisis, the Bank has helped keep children in school, health clinics open, and microfinance loans flowing to women.

The hope was that the exclusive club of finance ministers and central bankers would meet and provide concrete plans to tackle the crisis.

A COMMON complaint at the height of the crisis was that too few Wall Street bosses were being forced to fall on their swords.

GDP in the developed world is still lower than it was at the beginning of 2008, before the crisis really kicked in.

Before the crisis some boards barely thought about this, naively assuming that procedures for it were well honed.

The trigger of the crisis was the bursting of the housing bubble, combined with a large exposure by the levered financial institutions.

The capitalism that emerged from the crisis had to be built on hard work and responsibility, he said.

The crisis today is at least as grave as it was then.

Although no one forced Americans to borrow so much, nor to gamble the money on property, the crisis has fuelled nativist anger.

Since the crisis known as the bomb , then you naturally it is the task of lifting off the crisis .

Analysis shows that the crisis confronting the U. S. cannot be ultimately resolved through currency depreciation.

That's not to undersell it: It would've given regulators more information with which to predict the crisis.

Financial markets, however, see the ECB increasingly as the only institution with pockets deep enough to ease the crisis.

If the crisis is not tackled, these countries will not be able to provide their population with basic health care.

It's been a remarkable rally since the depths of the crisis last winter.

The danger is of a "second-round effect" , as the crisis in finance affects the economy, leading to further problems in finance.

Mr Murdoch's bungling of the crisis has cast him as a fading emperor blind to his own mortality.

No doubt the developments are scary, but the crisis may serve more as a cautionary tale than the big game-changer over nuclear power.

But the crisis is likely to go down as the moment that both revealed and accelerated the erosion of western dominance.

Their joint letter to Brussels was an attempt to show they were on top of the crisis.

The U. S. government is one of the biggest donors and has pledged 400 , 000 tons of food to help with the crisis .

Uncertainty over healthcare reform and a dearth of funding for biotechnology companies since the crisis have dented revenue recently.

I conjectured over a year ago on these pages that the crisis will end when home prices in the US stabilise.

The crisis has shone a harsh light on Mr. Toyoda's management style, and on the company's management structure as well.

The goal is to calm financial markets by removing the toxic assets, mostly mortgages, which lie at the heart of the crisis.

No wonder, though barely a year after the advent of the crisis, that some investors are muttering about Goldman having excess capital.

"The crisis emphasises that China is a pivotal world player, " says Bobo Lo of the Centre for European Reform in London.

That said, the G20 agreement has some troubling flaws, leaving them with something short of a passing grade in dealing with the crisis.

One way would be to take account of the global economic dimension of the crisis hitting the financial sector.

The popular condemnations of " greed " in response to the crisis seem to me superficial .

In Canada, financial firms had an average ratio of about 18 to 1, and Canada endured the crisis better than perhaps any other rich country.

With their deep pockets, they were able to continue to open new shops and invest in the business during the crisis.

After Kennedy conferred with all of his White House advisors, a balanced course of action defused the crisis. War was averted .

and, whatever clout the ECB has gained from the crisis, it would be dangerous for its legitimacy to let it embark on mission creep.

The leader of Lebanon's Druze community Walid Jumblatt said he hoped the crisis was now over.

But the crisis has revealed the extent to which taxpayers are the guarantors of the financial system.

"The crisis is not over yet, " he said, adding that growth would predominantly come from emerging markets.

But that may be changing. The crisis in the housing and credit markets is beginning to affect the credit card industry.

Treasury Secretary Paulson told skeptical lawmakers that the two-year long slump in the U. S. housing market is the cause of the crisis.

And with very few exceptions, they did not predict the crisis, either.

Lastly, the commission should bolster its line on Lloyds Group, the elephantine product of a state-sponsored merger during the crisis.

Yet stabilizing the financial sector did not address the failures that led to the crisis.

Greece is expected to seek more international help, even though years of government borrowing led to the crisis.

Ms. Merkel said the path to fiscal union was irrevocable, but that it could take years to overcome the crisis.

Indeed MIGA has acted quickly to help countries caught up in the crisis.

As President Wilson dealt with the situation in Mexico, trouble began to surface in another part of the world. The crisis was in Europe.

When the crisis ends, America will still be the best place in the world to do business, says Niall Ferguson of Harvard University.

The crisis does not seem to have affected the way bankers are rewarded.

Zhang Yun also said the crisis showed that the laissez-faire market economy, will not be at peace forever.

Having survived the crisis with government support, the bank is expected to report strong second quarter earnings today.

The crisis has stormed the U. S. stock market, dragging it to its biggest falls in a single trading day.

Offshore banking secrecy is an example of something that did not cause the crisis but has been vigorously targeted in its aftermath.

Two pieces of evidence seem to support such a view. The first is that housing has fared better in the crisis than other assets.

After the breaking out of the crisis, he tracked it and conducted his research and proposed several special points of his own on the crisis.

In the short term, at least, the crisis also marked a reversal of the "global imbalances" , as the WEO update notes.

For the most part, the system worked: When the crisis passed, holders of scrip were able to redeem it for legal tender.

The paper said editorially that it is against the United Nations Charter to attempt to solve the crisis in the region with military force.

Mr Ollila contends that Europe has performed well in the crisis so far but that the key test of unity is still to come.

In the face of the crisis, it is only our objective, as long as we have self-confidence, work hard, then the crisis will not be terrible.

Other banks have also suffered heavy losses as a result of the crisis, but these appear to be mainly at the expense of US taxpayers.

Afterward , the president said the US will lead the response to the crisis .

The crisis has led to a bailout of the American car industry and a government role in how it will be run.

Even before the crisis there was a questioning of prevailing paradigms and a sense that development economics needed rethinking.

At the time the sovereign wealth funds invested in Citi, two years ago, there was little understanding of how bad the crisis would get.

So a new growth industry may emerge from the crisis: that of holding and maintaining essential stocks on behalf of manufacturers.

They say the majority report doesn't study the causes of the crisis, that it's just a list of things that went wrong.

In the age of Chinese modernity with the characters of social changes, the crisis of moral ethics can be traces in various aspects.