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The program is designed to avert contagion and was difficult to reject because, to do so now would be to admit that the euro zone had been pursuing the wrong strategy for two years, he said.
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The more the Federal Reserve does to avert financial contagion, the clearer it becomes that the Fed alone cannot solve the problems in the financial system.
The market reaction suggests that the E.U. deal may have achieved Germany's objectives — to stabilize the euro and avert any risk of contagion spreading to other euro-zone countries — without meeting Athens's urgent need to lower its borrowing costs.
Historically, supporters of laws against blasphemy have argued that such laws are necessary to avert divine wrath, to enforce conformity with prevailing beliefs, to insulate those beliefs from the contagion of doubt, to protect the sensibilities of believers, and to avoid retaliation by believers against those who deride their beliefs.
What contagion?
The pitfalls Contagion.
Out of toxic contagion.
Contagion has spread, too.
Contagion I tell you.
Contagion: How Commerce Has Spread Disease.
Contagion is almost inevitable.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com