It could also lead to a disorderly default on the government's debt, with unpredictable repercussions for the euro monetary union, despite the country's tiny economy.
A profound, global transfer of capital from publicly traded companies to privately held companies is taking place with huge and still unknown repercussions in everything from monetary policy to public policy.
I'm not going to use this space to debate the environmental repercussions of every conceivable food choice -- it took Michael Pollan two books to do just that -- but the information fueling your friend's snarky statement is correct: Adopting a vegetarian diet is indeed one of the most effective ways to slash your ecological footprint.
Worse still, chances are high that this monetary policy gaffe will have serious inflationary repercussions for years to come.
From the household point of view, avoiding a child death may have several social and familial repercussions apart from the direct monetary savings related to health care that are very difficult to estimate.
It resulted in an embargo on the export of gold from Canada and monetary difficulties in the Argentine, while its financial repercussions were painfully felt in every monetary centre.
But it is entirely conceivable that when confronted by an issue with powerful repercussions for university business (whether with regard to athletics or to drilling for natural gas in the Marcellus Shale), an ethics officer will offer advice that tries to protect the university — and its leadership — from damaging public scrutiny.
"In a more equitable world order, it is only appropriate that the developed countries - in pursuing their fiscal and monetary policies - should take into account the repercussions on the economy of emerging countries," he said.
Many who provided monetary support for imprisoned WikiLeaks source Bradley Manning faced no repercussions, but it's unclear how the government would treat this situation.
Through peer-to-peer file sharing networks, social media, and online forums, we trade an incredible amount of information, often with no concrete monetary gain — and even in the face of possible legal repercussions for the sharing of intellectual property.
"Right now, these risks appear under control," Ms. Lagarde said, but she urged emerging economies to increase their defenses to deal with possible repercussions when the Federal Reserve and other central banks start to cut back their monetary stimulus.
