Pillar
in sentence
298 examples of Pillar in a sentence
The economic analysis
pillar
is based on a wide set of domestic and international economic indicators from the real and financial sectors (wages, import prices, interest and exchange rates etc.).
This two
pillar
approach constitutes a framework for cross-checking indications from the shorter-term economic analysis with those from the longer-term monetary analysis in order to obtain a robust view about the risks to price stability.
The two
pillar
strategy responds to the fact that we (still) lack a model which encompasses both dimensions, the economic or real and the monetary, in a consistent and robust manner.
A third
pillar
of Hungary's open economy, unusual in the region, is the internationalization of banking and energy.
On the contrary, he appointed Paul Volcker, a towering
pillar
of monetary stability, as chairman of the Board of Governors.
The president of the United States – the position, not the person occupying it – is a
pillar
of the international order.
They recognized that, at a time when institutions everywhere are straining to remain relevant, we cannot afford to lose a
pillar
of world order, simply because of the predilections of a small man.
This approach also applies to the environmental
pillar
of development: intervention to counter damage generated by the economy is not enough.
But will cool rationality be enough to create a European security
pillar
within the context of the Alliance?
For the West, the principle of not redrawing borders by force is a vital political concern – indeed, it is a
pillar
of a civilized world order.
In contrast to Tunisia, the military is a
pillar
of the Egyptian regime.
Yes, the US is one of China’s largest export markets – and thus a central
pillar
of its spectacular 35-year development trajectory.
A victory for Le Pen in early May would spell the end of the EU, leaving German Chancellor Angela Merkel as the final
pillar
of a crumbling world order.
This weakens a key
pillar
of the democratic rule of law – and thus is highly problematic for Poland and Europe alike.
China has always supported European integration, and hopes that the EU will become a
pillar
of international order.
Since the mid-1990’s, many countries in Central and Eastern Europe have adopted the so-called three-pillar pension system, comprising a publicly managed, pay-as-you-go (PAYG) pillar; a privately managed, mandatory, defined-contribution pillar; and a supplementary, voluntary private
pillar.
The problem with the reform, however, lay in the decision to divert one-third of the compulsory pension contributions from the PAYG
pillar
to create a funded component of the system.
This second
pillar
remained within the state system, but its management, through “open pension funds” (OFEs), was outsourced to the private sector.
As a result, the government proposed replacing this unnecessary debt in the pension system with an equivalent claim on accounts in the PAYG pillar, indexed by nominal GDP.
Poland’s experience serves as a warning to other governments that, unless a funded
pillar
is financed by additional private savings, the impact on overall savings and output can be negative.
Poland is now following the Czech Republic’s example by making further participation in the funded
pillar
voluntary.
Moreover, the government will encourage future pensioners to invest in the fully private and voluntary third pillar, which is more typical in mature economies.
Abe has said that “womanomics” is the most important
pillar
of “Abenomics,” his government’s growth strategy.
This renewed commitment to a strong and united Europe is the second
pillar
of a twenty-first-century German foreign policy.
When guest workers from Morocco and Turkey became de facto immigrants, some began to champion the creation of an additional Muslim
pillar.
But their turn away from multiculturalism is not what prevented the emergence of a “Islamic”
pillar
in Dutch society.
The main problem with this idea was that people from Turkey, Morocco, and the Arab countries, some deeply religious and some quite secular, and all with perceptible animosities towards each other, would never have agreed on what should constitute such a
pillar.
In any case, it is now too late to create such a
pillar.
Removing this
pillar
of the system – or creating a high degree of risk around US Treasuries – would disrupt many private contracts and all kinds of transactions.
What could hurt the EU – indeed, threaten its very fabric – is a slew of other challenges, beginning with US President Donald Trump’s threats to the health and even survival of the transatlantic alliance, a key
pillar
of the post-World War II global order.
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