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Mr. Lenk said he expected the steep price cutting of last year to be far less severe this Christmas.
But more than 12 hours after the initial tremor, the impact seemed to be far less severe.
If the euro zone were more like the United States, this problem would be far less severe.
He added that he expected Europe to remain in recession this year, but that this would be "far less severe than in 2012".
The proposed changes, which must be approved on Wednesday by the authority's board, would be far less severe than the cuts scheduled to take effect on Sunday.
Even so, "the impact will be far less severe than if something close to the original proposal had been agreed," said Andrew Baker, the chief executive of the Alternative Investment Fund Management Association, an industry group.
Similar(45)
But if the market performs poorly later, say in the second half of retirement, the damage to the portfolio is far less severe because the money had several decent years first.
But the drop has been far less severe for other historically less popular foreign routes.
If he had worn a helmet, his head injuries would have been far less severe.
Nevertheless, the injuries in rugby are far less severe than those in football.
The current situation is far less severe than the aftermath of the 1973 Arab oil embargo.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com