Breakdown
in sentence
389 examples of Breakdown in a sentence
But any move of this kind would lead to a
breakdown
of the Greek banking system and, potentially, to massive contagion affecting Portugal, Spain, and Italy.
These challenges must be addressed through stronger governance at all levels, particularly given that state authority has been badly eroded in roughly a quarter of the country, where complex factors have created distrust in the name of ethnicity, politics, and religion, resulting in a massive
breakdown
in law and order.
To the extent that banks and other highly leveraged financial institutions hold them, the bursting bubbles could cause bankruptcies and financial-market
breakdown.
A more complex
breakdown
is possible, and other ideas should of course be vetted and discussed.
The first hazard is a
breakdown
of the rules of the game.
Ever since the
breakdown
of the so-called Bretton Woods system in the early 1970s, France and Germany have been trying to find a European-level equivalent.
Yet there is more to the question than extreme cases of moral
breakdown.
Germany’s monetary
breakdown
after World War I also stemmed from the issuance of war bonds to the German public.
The
breakdown
in relations has been gradual and undramatic – more a morose and resentful refusal to see each other’s point of view than a succession of rows.
At the same time, there are at least a half-dozen other global hot spots – some might be tempted to include the US Senate – that could trigger a major
breakdown
in world trade.
For starters, meeting outside of Colombia has enabled the parties to avoid the pressure and manipulation that contributed to the
breakdown
of talks the last time.
Lacking a culture of political compromise, the
breakdown
of central authority in 2011 was not surprising.
Such a difference in the prices charged to “regulated banks” in financial markets is a sign of a potential
breakdown.
If the eurozone’s
breakdown
is to be avoided, Italy – indeed, the entire currency area – urgently needs an economic boost.
Those scenes return as if from a nightmare: children massacred inside burning churches, mobs using machetes at will in city slums, a country on the brink of
breakdown.
A
breakdown
of particular countries’ performance offers further insights.
The
breakdown
of Bretton Woods in 1971, far from stopping inflation, unleashed a synchronized monetary surge.
The schema might also be applied to political relations: Hirschman wrote a memorable article showing how the ability to exit East Germany in 1989 produced a sudden
breakdown
of loyalty.
With the
breakdown
of the Bretton Woods system in 1971, the world embarked on a bold new adventure in globalization.
The banking system is not primarily suffering from a temporary
breakdown
of the inter-bank market and a transitory decline in asset values that could be overcome simply by waiting for recovery.
Clearly, the human costs of a worldwide
breakdown
of these ecosystems are enormous.
But, sooner or later, the weaker economies will probably opt out of such reforms, reclaiming their monetary sovereignty as a necessary – though far from sufficient – means of averting economic and social
breakdown.
The effort in Copenhagen in 2009 to craft a more potent global agreement ended in a
breakdown
of negotiations.
In theory, this approach provides an incentive for the participants to cooperate, as the arrangement’s
breakdown
would accelerate the depletion that all have agreed to avoid.
This largely reflects the belief that, if a
breakdown
of negotiations triggers another Greek crisis, the systemic risks to the eurozone and the wider European Union would be far smaller than they were just a few years ago.
Despite the lack of significant financial contagion risk, a renewed Greek crisis, stemming from a lasting and serious
breakdown
of negotiations between the new government and EU institutions, would constitute a major problem for European cooperation.
The recent Sherpa deaths, however, suggest a
breakdown
of these values – and possibly of some basic human values, too.
And if, by chance, there were to be a
breakdown
of the single currency, we can be sure in advance that one of the consequences would be that all other strategic choices would be placed on hold.
It is the
breakdown
of non-economistic, common-sense ways of valuing human activities –framing them in larger social contexts – that has led to today’s spurious methods of calculating pay.
There is no need to make dire predictions about the eventual
breakdown
of the global trading system in order to show that geopolitics is incompatible with the concept of an open society.
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