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The crusade, as he called it, failed to avert the plan, but the showdown precipitated a political crisis, contributing to the Socialists' electoral downfall in 2004.
Citigroup acknowledged yesterday that its risk management models did not function properly during this summer's credit crisis, contributing to the company's 57percentt drop in third-quarter profit.
FRANKFURT — Domestic politics in euro zone countries emerged again on Tuesday as a serious obstacle to resolving the European debt crisis, contributing to a decision by officials to postpone a crucial meeting they had planned for Friday.
They contributed heavily to the investment splurge that rescued China's economy from the global financial crisis, contributing to a process critics call guojin mintui; "the state advances, the private sector retreats".
Minerals were also the group that most significantly declined in the period of the economic crisis, contributing around half of the overall reduction between 2007 and 2009.
It lost yet another case yesterday, this one against the Bent family, proprietors of the Reserve Primary Fund, a money market fund that "broke the buck" during the financial crisis, contributing to the broad market panic.
Similar(51)
Certainly, the political crisis contributed to the economic crisis.
Most California voters think the electricity crisis contributed to the state budget deficit.
Developed countries, weighed down by a slow recovery in America and the ongoing euro crisis, contributed little.
A collapse in trade during the global economic crisis contributed to Toyota's biggest loss ever, while widespread product recalls in 2009 tarnished its once-stellar safety record.
There is a lazy assumption that a growing economy must be good for the incumbent party (partly because the memory of how economic crisis contributed to Labour's defeat in 2010 is still fresh).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com