As so many commentators noted, in some sense he simply failed to show up.

The problem is that economic globalization has outpaced the globalization of politics and mindsets.

Europe seemed to be falling further and further behind the US.

Any reason for failure to succeed should be reported on.

The result is that the vision of the official Euro Mediterranean Policy (EMP) has lagged far behind its original goals.

The lack of grounds was not rectified during the oral proceedings owing to counsel's failure to appear.

The Greek default has turned out to be the proverbial dog that didn t bark.

External shocks brought about by climate change will directly affect advanced economies.

However, underdevelopment is a different story.

The vendor relied expressly on article 71 CISG to justify its suspension of delivery due to the buyer's failure regarding payment.

Spending by China s consumers has lagged behind the Chinese economy s overall rate of growth for many years.

And, because the social environment has powerful effects through the brain on the rest of the body, public and private sector policies can have a positive impact on health, providing a top down benefit to brain and body function.

In addition to reducing mortality, new medical techniques can also have a huge effect on the quality of life.

By effectively defaulting on a deposit insurance guarantee through its actions in Cyprus, the eurozone backtracked on the planned banking union.

But our lack of knowledge itself confirms how far our regulatory and surveillance capabilities have fallen behind financial innovation.

The first major shock came with Russia's default and devaluation of August 1998.

Birds assist in the spread of seeds by ingesting the fruits and berries of plants, then depositing the seeds in their droppings.

GM crops also have significant economic benefits.

In fact, they can have powerful consequences.

Inevitably, a visit also leaves questions.

The goal would not be to rescue banks and their creditors, but to minimize the disruption that an uncontrolled default might cause.

In 2010, inflation in some of the crisis countries lagged slightly behind that of their eurozone competitors.

Monarchy has an infantilizing effect.

Making a splash matters. So does keeping track of who is up politically and who is down.

But I stress that underdevelopment is the foundation of it all.

If that happens, the chance of an actual US default would be much higher than it is today.

In terms of its immediate impact, it is true that Charter 08 will hardly make a ripple in the pond of Chinese politics.

Transferring liability for foreign debt to Mubarak should not have negative economic consequences for Egypt in the long run.

As for the confiscation of the author's PC, this measure was justified by his failure to report for work.

Financial crises have two sorts of effects on the real economy.

Fossil fuel subsidies have the opposite effect.

For there is hope for a tree, If it is cut down, that it will sprout again, that the tender branch of it will not cease.

For there is hope of a tree, if it be cut down, that it will sprout again, and that the tender branch thereof will not cease.

(d) Fair treatment, which sets guidelines on a no discrimination policy in the treatment of all affected creditors in a situation of default.

Richard can answer that, because he made that decision.

If Greece is allowed to default in the coming weeks, financial markets will indeed regard defaults by Spain and Italy as much more likely.

In the United States, for the fifth year in a row, Congress has yet to pass a full fledged budget, let alone dealt with the economy s growth and employment headwinds.

By postponing a Greek default for two years, Europe s politicians hope to give Spain and Italy time to prove that they are financially viable.

At university level, ethnic minority women lag behind less than men, while the opposite is true in higher professional education.

Ms. Belmihoub Zerdani wondered why Ireland's social development had not kept pace with its economic development and why, in particular, women still did not play an equal part in all areas of public life.

Political boundaries have a powerful effect on the region s economy and culture.

But big negative returns have an unfortunate psychological impact on markets.

Economic institutions can have different effects, depending on their quality.

Now, given the profound sovereign debt crisis in the eurozone periphery, government defaults threaten to take down the big banks.

While Chinese are more free today than at any time in their history, China s political evolution has lagged behind its economic progress.