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There is no public debt emergency.
To deal with the foreign debt emergency, Mr. de la Madrid imposed austerity measures that were widely unpopular.
The biggest shift in the way the euro operates since the 16-country currency was born a decade ago came in response to the Greek debt emergency in the spring which rippled around the Mediterranean and nearly destroyed the monetary union.
When the currency Juncker helped to create started to unravel in 2010 under the weight of a ballooning banking and sovereign debt emergency, he played a key role, for better or for worse, in the crisis management as president for eight years of the Eurogroup, the committee of eurozone finance ministers that created the instruments to save the currency and plotted a wayward route out of disaster.
Start by getting rid of your Debt Emergency if you have one.
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The toughest task now falls to the European Commission, which must create the new, permanent rescue mechanism to deal with sovereign debt emergencies.
The campaign has highlighted the impact of the year-long crisis of the euro single currency sparked by sovereign debt emergencies among the weakest of its 17 members.
The announcement by rating agency Standard & Poor's that weak growth in Spain would intensify the country's budgetary difficulties reinforced fears of a cascade of sovereign debt emergencies in southern Europe with a disastrous knock-on effect on the euro.
One in four Americans has more credit card debt than emergency savings, and 13% have no emergency savings despite having no credit card debt, according to a new Bankrate report.
Parents, meanwhile, are the most likely to have more credit card debt than emergency savings.
Meanwhile, a quarter of American adults have more credit card debt than emergency savings, a poll from Bankrate.com found.
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CEO of Professional Science Editing for Scientists @ prosciediting.com