The 1990s also saw Venezuela experience a major banking crisis in 1994.

Moreover, the crisis has so far not resulted in major nationalizations of private companies.

The Berlin Blockade (1948 49) was the first major crisis of the Cold War.

And, second, European countries must maintain the capacity to deal with any major security crisis.

One of the major areas of agreement during the recent crisis has been that deregulated financial activities can be a source of major macroeconomic disruptions.

Most international finance economists are becoming increasingly frightened that a major international financial crisis could erupt.

Only in the 1930 s was the economy digging itself out from a major financial crisis.

Only a major recession could break this cycle otherwise, we are headed for an energy crisis.

Resolve the AIDS crisis, and we remove a major hurdle to achieving the Millennium Development Goals.

This, and the contemporaneous failure of major pricing and production negotiations between the exporters and the major oil companies both led to the 1973 oil crisis.

Across the board, the world s major central banks have been slow to respond to the deepening crisis.

Suddenly, in the face of the economic crisis, these problems have become major sources of political instability.

The crisis revealed major enforcement problems with this framework, but also major design problems no light ever flashed red to indicate that Ireland or Spain was in danger.

Indeed, that design gap has turned out to be a major source of the monetary union s current crisis.

The global crisis erupted because major problems in the functioning of the banking sector had been left unaddressed.

Government investment, which represents the major part of China s anti crisis stimulus package, should help in this regard.

In 1985 and 1998, Singapore was affected by, respectively, a major economic recession and the Asian economic crisis.

FLORENCE Major economic crises are inevitably also structural milestones. There is no simple return to a pre crisis normalcy.

For most of this time, world markets were favorable, with no major global economic or financial crisis or slowdown.

But these efforts could trigger a financial crisis, requiring China to initiate a major recapitalization of the banking system.

The for profit market has experienced a crisis of confidence in recent years following the bankruptcies of the major Nova.

The crisis in the Darfur region of the Sudan continued to pose major challenges to the humanitarian community at large.

It was not an accident that the only two major developing countries to be spared a crisis were India and China.

When the financial crisis erupted with full force in 2008, the world s major central banks were right to employ exceptional measures.

Shouldn t they and others be celebrating this major success instead of becoming bogged down in defeatist talk of crisis and stalemate?

Relative to the US dollar, an equal weighted basket of 10 major Asian currencies (excluding Japan) has retraced the crisis related distortions of 2008 2009 and has now returned to pre crisis highs.

But every major international crisis since then has chipped away at its authority. The 1997 1998 Asian financial crisis undermined its legitimacy in Asia, as many governments in the region believed that the crisis was being exploited by the United States and US financial institutions.

But major international crises, such as the current global financial crisis, remain with us which might not be an entirely bad thing.

Multiplying the number of burdens on an economy is not the best policy to implement in the aftermath of a major crisis.

Finally, both Indonesia (after the Asian financial crisis of 1997) and Turkey (after its 2001 crisis) are recent examples of Muslim majority countries that decisively overcame economic mishaps while dealing with major domestic political transitions.

In the US, loans for cars and homes loans that now aren t being paid back are the major factor behind the financial crisis.

In brief, the major central banks on both sides of the Atlantic have responded to the financial crisis, but they have not overreacted.

Indeed, pay arrangements were a major contributing factor to the excessive risk taking by financial institutions that helped bring about the financial crisis.

PARIS The widespread introduction of unconventional monetary policy measures by major central banks has been a defining characteristic of the global financial crisis.

As in other episodes of financial crisis and currency turmoil, the crisis in East Asia was preceded by financial liberalization and deregulation which, in some cases, constituted a major break with past practice (UNCTAD, 1998 53 77).

As the Greek domino falls, countries like Portugal, Spain, or Italy start tumbling, and a small economy s crisis turns into a major European calamity.

To be sure, the EU s lengthy internal crisis over the proposed constitution was a major distraction, and damaged the Union s reputation in the Balkans.

A major hindrance to scientific progress is the increasing scarcity of research funding a trend that has been exacerbated by the global economic crisis.

We hope that it will be able to sound the alarm on the major risks posed by the political crisis persisting in Côte d'Ivoire.

Last August, fighting to the north of the provincial capital Goma flared up again, provoking a major humanitarian crisis that has no end in sight.

Should the elections be postponed for any length of time, a major crisis of confidence is likely to arise and further undermine the country's stability.

In 1907, a major financial crisis emanating from the United States affected the rest of the world and demonstrated the fragility of the entire international financial system. The response to the current financial crisis is replaying a similar dynamic.

The crisis consists in nothing less than an effort by the major drug cartels to tame and suborn the Mexican state, and not just in the strip along the United States border, though the epicenter of the crisis is there.

Not six months later, in July 2002, Ethiopia announced a major food crisis, to the same proportions as 1984 14 million people at risk of starvation.

The water crisis in Gaza is a cause of disease and suffering among Palestinians, and is a major source of underlying tensions between Palestine and Israel.