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Periphery in sentence

495 examples of Periphery in a sentence

From Eastern Europe and the Balkans to Central Asia and Syria, Europe’s periphery could shake its core.
And, though the insurgency has remained largely limited to Egypt’s periphery, primarily Northeastern Sinai and parts of the Western Desert, with occasional strikes in the Nile Valley, it has also reared its head in Cairo.
The hope was that, like the pre-1913 era of British overseas investment, which financed a huge amount of industrialization in the resource-rich, temperate periphery of the world economy, net capital outflows from the industrial core would finance much late twentieth and twenty-first century industrialization.
In fact, the principal outcome was an enormous flow of capital from the periphery to the rich core.
For most of the past generation, and looking into the future, the message of the market is that the benefits of international capital mobility do not include a relaxation of the capital constraint, and thus an acceleration of growth in the global periphery.
The reason is not that the periphery offers an attractive labor force from which capital profits, but rather that the core – especially the United States – offers a form of protection for capital against unanticipated political disturbances.
But even though net international capital flows are going the wrong way, there are still substantial gross capital flows outward from the world economy’s core to its periphery.
In Europe, a toxic combination of public, bank, and external debt in the periphery threatens to unhinge the eurozone.
But it was his famous declaration in July 2012 that the ECB would do “whatever it takes” to preserve the euro that, while successful in reducing interest rates in the distressed countries of the eurozone periphery, also contributed to the euro’s current strength.
This discipline will stem the gigantic capital imports by the countries at Europe’s periphery and end the overheating ushered in by the interest-rate convergence that the euro brought about.
Obviously, the countries on the eurozone’s periphery do not meet these conditions.
So, in the eurozone periphery, austerity is not a question of fine-tuning demand, but of ensuring governments’ solvency.
Such& reforms promise to strengthen the solvency of all governments that adopt them, including those on the eurozone’s periphery.
More important, austerity has been very successful in restoring external balance to the eurozone’s periphery.
With austerity, imports have crashed everywhere in the periphery, while exports – helped by falling labor costs – are increasing (except in Greece).
The external fundamentals of the eurozone’s periphery are now improving rapidly.
For now, the periphery countries calculate that the eventual benefits to be gained from remaining within the eurozone will outweigh the current pain of austerity.
But nowhere is the problem as acute as it is in Europe, or, rather, the eurozone, where German savers are suddenly discovering risk across the European periphery.
But a weaker German economy makes adjustment in the periphery even more difficult.
National risk premia would then disappear, and German savers would have no problem investing their savings in the eurozone’s periphery, knowing that the German government would ultimately underwrite these countries’ government bonds.
But Eurobonds would also create huge incentive problems, because debtors in the eurozone periphery would no longer have to fear any punishment by markets and might thus be induced to consume and invest too much.
To my mind, the biggest failure of post-2008 economic policy has consisted in governments’ inability to find creative ways to write down unsustainable debts, for example in US mortgage markets, and in Europe’s periphery.
Economic stagnation in many European countries accompanies the prospect of double-dip recessions in others (leaving aside the unfolding disaster on the periphery).
The substantial new official resources of the IMF and ESM – and ECB liquidity – could then be used to ring-fence these countries, and banks elsewhere in the eurozone’s troubled periphery.
But at least today’s situation is nothing like the peak of the euro crisis, when problems in Italy (and the rest of the eurozone periphery) threatened to spill over into core member states.
Countries on the periphery of the network of global data flows can benefit more than countries in the center.
Unlike the European Union’s other periphery countries, Ireland established a political consensus around the need for austerity, and repeated this message continuously, at home and abroad.
The ECB’s announcement of its policy narrowed the gap in bond yields between Europe’s core and periphery.
The financial impact was immediate: in anticipation of monetary easing, and after it began, the euro fell sharply, bond yields in the eurozone’s core and periphery fell to very low levels, and stock markets started to rally robustly.
And austerity and reform fatigue in the eurozone periphery has been matched by bailout fatigue in the core, boosting support for a range of anti-euro parties in Germany, the Netherlands, and Finland.
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