But he added that the extraordinary downturn faced by the euro zone -- one in which a distressed financial system is amplifying the recession -- called for new, unorthodox measures to stimulate the economy.
But he said that the extraordinary downturn the region now faced — one in which a distressed financial system was amplifying the recession — called for new, unorthodox measures to stimulate the economy.
As the economic downturn continues, and the relative scale of taxpayer support for the distressed banking system between the UK and the Eurozone becomes apparent, it is likely that their credibility will become more robust, whereas the reverse is likely to be the case for us as we will be constantly tempted or perceived to be tempted, to escape our obligations through devaluation.
On the order of the state senate, the district has just received an extra $3.7 million for "distressed" school systems.
To run the city's distressed child welfare system, Mr. Dinkins appointed Robert Little, a former foster child himself and a brother of Malcolm X.
What we need is a not-yet-invented investment vehicle that would enable ordinary citizens to own a piece of the distressed American financial system.
The last thing Gov. James E. McGreevey needed this month, as he struggled with his second austerity budget, was the additional expense of $10 million to revamp New Jersey's distressed child welfare system.
Henry Green Fair Haven, N.J., Nov. 13, 2008 The writer is former chairman of the mathematics department at Brookdale Community College in Lincroft, N.J. To the Editor: What does our distressed public school system have in common with our devastated auto industry?
—Mary Ellen, Chicago A. Illinois has a severely distressed state pension system, in large part because of inadequate financial support — the state's contributions do not cover the cost of the benefits, and haven't for years.
In case of distressed children, a referral system will be established with specialized agencies.
