This is a recipe for trouble.

The ICTY is also in trouble. To be sure, Milosevic is on trial in The Hague for war crimes, crimes against humanity, and genocide.

With those markets now in trouble, the US could be quick to follow.

That way, when the risk modelers get it wrong, we will be in less trouble.

But larger banks can get into trouble when these two principles get mixed up.

Today, it is private consumption in the household sector (70 of GDP) that is in trouble.

The idea is that every time the financial system is in trouble, it receives a great deal of support from central banks and government budgets.

Every time the credit expansion ran into trouble, the financial authorities intervened, injecting liquidity and finding other ways to stimulate the economy.

Now that its weaknesses are clear, the euro will remain a source of trouble rather than a path to political power.

Biden did not point to a specific region of the world, but mentioned the Middle East, the Indian sub continent, and Russia as the likeliest sources of trouble for the new president.

The exception has been China s dramatic stimulus measures, which, being industrial policies, will be a source of severe trouble in the future.

They were not reacting to Dubai s financial trouble, but rather were joining the eager rush to own gold before its price rises even further.

No one can create a stable political order for them with the Americans gone, meddlesome Arab neighbors and anxious Iranians can only lose by dooming Iraq to remain a tinderbox.

Chinese analysts gleefully point out that, after having sung the liberalize, privatize, and let the markets decide song for so long, the United States and Britain took the lead in bailing out their financial giants at the first sign of trouble.

The text of the Lisbon treaty is studiously vague in its job description of the president s role an approach that prevented trouble for treaty s framers, but merely postponed disagreement.

Contrary to concerns that foreign banks would cut and run at the first sign of trouble, in the current crisis they maintained a remarkable degree of support for their subsidiaries in emerging markets.

Before Ma Ying jeou became President of Taiwan (officially known as the Republic of China) in May 2008, Taiwan was regularly portrayed in China as a troublemaker, and was the main cause of tension between China and the United States.

It is surprising how readily politicians of all parties even strong ideological defenders of the unregulated market accepted the idea that the state should bail out banks and insurance companies when they got into trouble.

But larger banks can get into trouble when these two principles get mixed up. The idea of the larger bank reached its high point in continental Europe, and especially in Germany, whose big banking system developed out of trade finance and into industrial finance in the late nineteenth century.

Breaking the negative feedback loop between distressed sovereigns and distressed banks whereby bank rescues exhaust fiscal resources and make it likely that the next financial institution in trouble will not be able to count on government support requires ensuring that it will not recur even in extreme circumstances.

The second way to reduce the financial system s sensitivity to risk estimation errors is to limit the flow of risks to institutions with a structural, rather than a statistical, capacity for holding that risk. That way, when the risk modelers get it wrong, we will be in less trouble.

Even if most eurozone countries retain the single currency, it will be because abandoning the euro would be financially painful. Now that its weaknesses are clear, the euro will remain a source of trouble rather than a path to political power.