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Periphery in sentence

495 examples of Periphery in a sentence

During the bubble years before the 2007 crisis, prices and wages increased sharply in the eurozone periphery, relative to Germany, which was plagued by high unemployment and stagnant wages.
The crisis had moved from the monetary union’s periphery to its core.
Deluded by the convergence of bond yields that followed the euro’s launch, investors fed a decade-long private-sector credit boom in Europe’s less-developed periphery countries, and failed to recognize real-estate bubbles in Spain and Ireland, and Greece’s slide into insolvency.
Indeed, the worsening banking crisis, with deposits fleeing from the eurozone periphery, is further strangling Europe’s growth prospects.
Finally, the eurozone needs policies to restart economic growth on its periphery.
In the former case, current German policies toward the eurozone crisis will not change, despite austerity fatigue in the eurozone’s periphery and bailout fatigue in its core.
Political risks in the eurozone’s periphery include the collapse of Italy’s government and a fresh election as a result of former Prime Minister Silvio Berlusconi’s criminal conviction.
For example, a growth rebound underpins the expectation that the European periphery will not restructure or inflate away its sovereign debt.
In the eurozone’s periphery, the increase has been more marked; in Italy, for example, ten-year bond yields are up almost a full percentage point.
While this might seem problematic, the reality is that the negative impact of higher rates in the periphery is likely to be limited.
After all, a large share of the borrowing by households and businesses in the periphery is indexed to short-term rates, which are set by the ECB, not the markets, and therefore have remained low.
All are exposed to the effects of disorder and turbulence on the periphery.
When the crisis struck, the economies of the eurozone periphery were buffeted by the twin shocks of spiking risk premiums and a collapsing housing market.
At the same time, the German economy benefited from the return of capital fleeing the periphery.
It was assumed that this would generate strong domestic demand in Germany, helping the periphery to export more.
With German prices rising at less than 1% annually, the eurozone periphery needs falling prices in order to regain the competitiveness lost during the pre-2008 boom years.
A weak German economy makes the necessary structural adjustments in the eurozone periphery much more difficult.
That, in turn, fuels the perception that responsibility lies with the German government, which is seen as unwilling to take the steps needed to strengthen domestic demand – even as it prohibits the periphery governments from spending more themselves.
The main lesson from that exercise is that, from the early days of the euro (1999) until approximately 2010 (when the crisis in Greece and the eurozone periphery erupted in force), ECB interest-rate policy was an extension of the pre-euro 1992-1998 Deutschemark (DM) policies of the Bundesbank (see figure).
But countries at the periphery of the global financial system could not provide equally credible guarantees.ampnbsp;
In the current situation, the International Monetary Fund (IMF) has a new mission in life: to protect the periphery countries against the effects of storms that originate at the center, namely the US.ampnbsp;
But this is wishful thinking, What we are seeing on the Balkans has all the elements of future conflicts in Europe: a war not between states but within them; a conflict that does not immediately threaten NATO states but undermines stability on their periphery and thus weakens their security as well as their cohesion; a frightening precedent for the successful use of military force to gain territory and expell populations.
It is not in the interest of Europe – or the world – to have a country on Europe’s periphery alienated from its neighbors, especially now, when geopolitical instability is already so evident.
At the start of the eurozone crisis in 2010, the EU, too, worried about its diversity, and how to reconcile differences between north and south, or center and periphery.
In terms of substance – which the German Constitutional Court explicitly and intentionally avoids – the case for OMT has always been about preventing a liquidity crisis from morphing into a solvency problem, especially on the eurozone’s periphery.
In a union of many parts, there are no shortcuts: the EU must provide the same level of integration at the periphery as at the imperial core.
Those that had not, particularly middle-income countries in Central Europe and the continent’s periphery, tended to be hit the hardest.
Thus, countries on the EU’s periphery – Portugal, Italy, Greece, and Spain – with large public debt and current-account deficits, face lower real wages and high unemployment for some time.
No recession, no meltdown will result, but a very serious jolt to world capital markets will take place, especially on the periphery, where the lack of stabilization and reform is covered up by capital inflows.
The same is true of the EU, where attention – and action – has been centered in recent months on defending the euro and resolving the economic difficulties on the Union’s periphery.
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