Distressed
in sentence
324 examples of Distressed in a sentence
To make the European Central Bank a lender of last resort for all of the euro-zone countries, for example, would give
distressed
European governments some added breathing space.
Distressed
debtors need a fresh start.
The old Bundesbank was laid to rest on September 6, when the ECB adopted its “outright monetary transactions” program – unlimited purchases of
distressed
eurozone countries’ government bonds – over the objections of a lone dissenter: Bundesbank President Jens Weidmann.
Even for
distressed
households that have borrowed long term, the effects of higher inflation are uncertain.
Throughout the crisis, it has been widely assumed – at least so far – that the eurozone core would remain solid, and would continue to write the checks for the periphery’s
distressed
governments and banks.
But that misses the key point: Spain, Ireland, and many other
distressed
countries ran budget surpluses before the crisis.
However clear their non-guaranteed status, financially
distressed
cities or states – whether New York in the 1970s or Puerto Rico today – can put serious pressure on national political leaders to offer assistance.
First, in the Greek case, there is the fear of contagion to other
distressed
European economies, such as Portugal and Ireland, or even Spain and Italy.
Although the March 8 alliance lost the election, not all of its members were equally
distressed
by the results.
Indeed, this radical disproportion makes nonsense of all arguments that the current
distressed
state of the overall US economy is in some sense necessary, deserved, or an inevitable consequence of over-exuberant building in the desert between Los Angeles, California and Albuquerque, New Mexico in the mid-2000’s.
No policy of national pride can justify callousness towards our own
distressed
citizens.
But if systemic risk emerges in ways that are not yet fully understood, smaller banks may all fail or become
distressed
simultaneously, damaging the real economy.
But safer, less indebted banks are better able to continue lending without becoming
distressed
or needing support.
Then,
distressed
sovereigns that had already lost market access – Greece and Ireland – were bailed out by the International Monetary Fund and the European Union.
Official resources currently are sufficient to bail out Greece, Ireland, and Portugal, but not to prevent a self-fulfilling run on the short-term sovereign and financial liabilities of Spain and other potentially
distressed
eurozone members.
Similarly, super-sovereigns cannot continue to bail out
distressed
sovereigns that are insolvent rather than illiquid.
Thus, in addition to an orderly resolution regime for banks, Europe must also implement early orderly restructurings of
distressed
sovereigns’ public debt.
If you overeat once a week for three months, lacking self-control and experiencing over-fullness afterward, and are distressed, embarrassed, and disgusted with yourself, you are diagnosable.
If you resist discarding possessions that others (a spouse, say, or a clinician) find of limited value, and consequently clutter your living space, and you are
distressed
about this or are creating what others consider an unsafe environment, you are diagnosable.
For example, if you are sad for two weeks and have one other related symptom, such as fatigue, insomnia, or lessened appetite, and you are
distressed
or impaired at work or in other roles, then you have “subsyndromal depression.”
But research shows that virtually anyone with two weeks of sadness feels
distressed
and is likely to be role-impaired, so in effect this category elevates moderately prolonged normal sadness into a mental disorder.
At that point, the EU would be wise to follow suit, by unraveling the currency union and providing debt reduction for its most
distressed
economies.
And there should be no illusion that the tariff will be a panacea for an increasingly
distressed
solar industry.
But now Europe’s sovereign-debt crisis is threatening to derail these countries' export-led growth, while credit rationing by
distressed
banks is fueling a trade-finance downturn, hindering the flow of goods in and out of poor countries.
But the declining value of their sovereign debt – and the size of that debt relative to that of Europe’s smaller
distressed
countries – implies much greater erosion of banks’ capital base, raising the additional risk of liquidity problems and further economic damage.
Having mounted exceptional efforts, first to provide financing for Greece’s adjustment program, and then to create a safety net for other
distressed
countries, the European Council established a task force, chaired by President Herman van Rompuy and composed largely of EU finance ministers, to make proposals for reform.
By contrast, the ECB’s credit easing is motivated by a practical concern: banks from some parts of the eurozone – namely, from the
distressed
countries on its periphery – have been effectively cut off from the inter-bank market.
A European banking union would move responsibility for dealing with bank failures to the eurozone level – akin to America, where
distressed
banks in, say, Florida are dealt with by federal authorities with the power to bail in bondholders, inject federal funds, and close down financial institutions.
The Fed’s support for Europe was similarly remarkable, because the rest of the US government was an ineffective bystander at the time – able to offer cheap counsel but little hard cash to the eurozone’s
distressed
economies.
Significantly, QE is very much a reactive approach – aimed at sparking revival in
distressed
markets and economies after they have collapsed.
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