Southern
in sentence
1660 examples of Southern in a sentence
The single market for energy, for example, is dysfunctional; otherwise, Germany would not build solar farms, which would be built in
southern
Europe instead.
Third, Merkel should help to restore hope in
southern
Europe.
It is urgent to put in place mechanisms that encourage private capital to return to
southern
Europe (this time to invest in productive assets), and to sustain demand in Germany and northern Europe.
Consider the tourism industry, which has great potential in the beautiful Patagonia region of
southern
Argentina and Chile.
Rebalancing the EurozoneWASHINGTON, DC – The eurozone crisis unfolded primarily as a sovereign-debt crisis mostly on its
southern
periphery, with interest rates on sovereign bonds at times reaching 6-7% for Italy and Spain, and even higher for other countries.
So a key challenge in resolving the eurozone crisis is to reduce the
southern
countries’ debt burdens.
Indeed, growth in
southern
Europe is expected to be close to zero or negative for the next two years, and is not expected to exceed 2-3% even in the longer term.
Unit labor costs in the four
southern
countries increased by 36%, 28%, 30%, and 25%, respectively, from 2000 to 2010, compared to less than 5% in Germany, resulting in an end-2010 cumulative divergence above 30% in Greece and more than 20% in Portugal, Italy, and Spain.
Productivity performance did not vary dramatically between northern and
southern
European countries from 2000 to 2010 – in fact, average annual productivity growth was faster in Greece than in Germany (1% versus 0.7%).
As long as this internal divergence persists, the euro crisis cannot be fully resolved, because current-account deficits and/or slow growth will continue to stalk the
southern
European countries, perpetuating worries about sovereign debt and commercial banks.
For all of these reasons, excessive austerity and deflation could defeat its own purpose and make the “reforms” to improve the
southern
European countries’ competitiveness impossible to implement.
And now the crisis has reached the
southern
shore of the Mediterranean, in the form of a revolution in Tunisia and a political showdown in Lebanon that has once again brought the country to the verge of war and disaster.
With the EU’s Mediterranean member states simultaneously faltering, great changes are afoot in Europe’s
southern
neighborhood.
This would create new prospects for the countries in the EU’s
southern
neighborhood, and thus give the transformation process an economic and technological impetus.
Moreover, such projects would promote cooperation between the states in the EU’s
southern
neighborhood, potentially boosting investments in education, infrastructure, and industrial development.
Last but not least, any solution presupposes the most important ingredient of all: an effective EU strategy to revive and sustain growth in
southern
Europe.
Demonstrations by unemployed young people in
southern
Algeria, the center of the oil industry, drew a direct link between high unemployment and the military’s control of the country’s natural resources.
First,
southern
African leaders have told the world that the Zimbabwe problem must be left to them to address; and second, the new victims of Mugabe’s crackdown are “smaller” people – street level pro-democracy organizers, known in their communities but scarcely recognized in the neighboring district, let alone in the wider world.
The crisis in Europe’s
southern
neighborhood reflects a deep-seated transformation process that will have long-lasting consequences – for the region, for Europe, and for the world.
The broad planks of a partnership are already there, so what is now needed is to enhance Europe’s integration with its
southern
neighbors.
The EBRD made an important contribution to the economic transition process in Eastern Europe; there’s a good case for drawing on its experience and expertise to help the
southern
Mediterranean.
Can regional economic groupings, such as the Common Market for Eastern and
Southern
Africa (COMESA) and the
Southern
African Development Community (SADC), help increase trade and bolster growth?
Overall trade flows in
southern
Africa fell from $131.1 billion in 2002 to $112.3 billion in 2003, with South Africa – one of only three countries in the region that recorded current-account surpluses – accounting for 65% of the total.
Moreover, in the past,
southern
African countries put their faith in protectionism and import substitution policies.
Nowadays
southern
African countries are committed to reinforcing their regional integration through economic harmonization.
A form of monetary harmonization in
southern
Africa already exists between South Africa and Lesotho, Namibia, and Swaziland, whose currencies are traded at par with the South African Rand.
But debt remains a grave challenge for
southern
Africa as a whole.
For
southern
Africa – indeed, for the continent as a whole – global competitiveness requires diversification to higher value-added and manufactured exports.
In order to attract the FDI needed to achieve this,
southern
African countries have enacted laws aimed at encouraging greater private sector participation, with special emphasis on foreign investment.
Russian planes have been bombing the civilian population in
southern
Syria forcing them to flee to Jordan and Lebanon.
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