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Periphery in sentence

495 examples of Periphery in a sentence

The process of integration was reversed after the WWI and finally destroyed in the Great Depression, in a series of vicious shocks: tariff protection, contagious financial panics that spread from the periphery to the heart of the world's financial system, and a turn to economic nationalism and autarky.
A reorientation of Ukrainian foreign policy back toward Russia would shift the strategic balance in Europe and have a negative impact on the prospects for democratic change on Europe’s eastern periphery, making it much more difficult for Georgia and Moldova to pursue their pro-Western course.
First, the eurozone is in deep recession, especially in the periphery, but now also in the core economies, as the latest data show an output contraction in Germany and France.
Meanwhile, not only is fiscal austerity pushing the eurozone periphery into economic free-fall, but the loss of competitiveness there will persist as relief at the waning prospect of disorderly defaults strengthens the euro’s value.
In Europe, policymakers have failed to counter an expanding sovereign-debt crisis in the eurozone’s periphery, despite many summits and programs, multiple expensive bailouts, and the imposition of painful economic sacrifices on societies.
These assurances managed to calm the markets and restarted the flow of capital from the eurozone’s core to its periphery.
In the eurozone, countries on the periphery needed currency weakness to reduce their external deficits and jump-start growth.
Meanwhile, austerity fatigue in the eurozone periphery is increasingly clashing with bailout fatigue in the core.
In the immediate aftermath of each event, Russia demonstrated its historic inability to build harmonious relations with the countries along its periphery; and in the intermediate periods, it acted on its imperial ambitions at these countries’ expense.
Europe, too, will get a bloody nose if it keeps trying to artificially prop up asset prices in the periphery.
Europe’s contemporary problems offer striking parallels with previous problems on the periphery of the world economy.
This time round, with the dollar weak, it helps Latin America and hurts the DM periphery.
The announcement of the OMT scheme in July 2012 reduced interest rates for companies and governments alike and returned much-needed private capital to crisis-hit countries, thereby helping to soften the blow of the deep recession on Europe’s periphery.
At the same time, key current-account imbalances – between the US and China (and other emerging-market economies), and within the eurozone between the core and the periphery – remain large.
These voters will oppose the fiscal and monetary integration required to stabilize the eurozone if they think their money will be spent on subsidizing poor countries on Europe’s periphery that refuse to cooperate on refugees and fail to abide by EU laws.
In the eurozone, a sudden stop of capital flows to the periphery and the fiscal restraints imposed, with Germany’s backing, by the European Union, the International Monetary Fund, and the ECB have been a massive impediment to growth.
Germany increasingly recognizes that if the adjustment needed to restore growth, competitiveness, and debt sustainability in the eurozone’s periphery comes through austerity and internal devaluation rather than debt restructuring and exit (leading to the reintroduction of sharply depreciated national currencies), the cost will most likely be trillions of euros.
This will require considerable patience from governments and publics in the core and periphery alike – in the former to maintain large-scale financing, and in the latter to avoid a social and political backlash against years of painful contraction and loss of welfare.
Just consider what must be overcome: economic divergence and deepening recessions; irreversible balkanization of the banking system and financial markets; unsustainable debt burdens for public and private agents; daunting growth and balance-sheet costs in countries that pursue internal devaluation and deflation to restore competitiveness; asymmetrical adjustment, with moral-hazard risks in the core and insufficient financing in the periphery fueling incompatible political dynamics; fickle and impatient markets and investors; austerity fatigue in the periphery and bailout fatigue in the core; the absence of conditions for an optimal currency area; and serious difficulties in achieving full fiscal, banking, economic, and political union.
If a gradual process of disintegration eventually makes a eurozone breakup unavoidable, the path chosen by Germany and the ECB – large-scale financing for the eurozone periphery – would destroy the core central banks’ balance sheets.
Still, more can be done to smooth the fiscal and economic adjustments taking place in the eurozone’s troubled periphery.
In 2011, Europe’s foundations began to tremble, as the eurozone’s sovereign-debt crisis, set in motion by the global financial and economic crisis that erupted in 2008, moved from the eurozone’s periphery to its core countries.
There is still a need for huge relative wage adjustments between Europe’s periphery and its core.
Because the ECB has already been using its balance sheet to help bring down borrowing costs in the eurozone’s periphery, it has been cautious in its approach to monetary easing.
It would also provide a backdrop against which wages in Germany could rise without necessarily having to fall in the periphery.
Germany would actually benefit from the so-called periphery countries’ recovery.
A decision in favor of the Bundesbank would put the periphery position in an even more dire position.
The division of the euro could save the EU, provided that the periphery retains possession of the euro.
The UK must adopt a more balanced approach that gives each region the power to develop its economic potential and bridges the divide between the core and periphery.
What is clear is that a key factor has been the persistence of large imbalances within the eurozone – current-account deficits on the periphery, mirrored by surpluses in the core – owing mainly to differences in productivity and competitiveness.
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