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South Sudan faced a "dramatic contraction" in its gross domestic product, a "massive depreciation" of its currency and an "exponential rise in inflation".
Mr Pandit is believed to be an advocate of the bank's current (still vast) scale; others are said to want a dramatic contraction in Citi's balance-sheet.
In remarks after the speech, the American described as "excessive" the pace of fiscal adjustment "It has been excessive and contribute to this dramatic contraction of the economy," he told me.
The deal signals the demise of what was until recently one of America's fastest-growing financial institutions.This is the latest in a string of similar failures over recent months, all linked to a dramatic contraction in the securitised-mortgage market.
After having expanded its balance sheet during the period 2008-11, pretty much as the Fed had done, the ECB started a period of dramatic contraction in its balance sheet (and thus in the euro money base) from 2012 onwards.
According to Federici's analysis, this belief was clearly reflected in the dramatic contraction of the number of weddings celebrated on the 17th of each month.
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This week alone we saw the final collapse of Corinthian Colleges, as well as dramatic contractions by fellow for-profit college giants EDMC and Career Education Corp.
"It's uncertain how dramatic the contraction would be".
Our habitat suitability maps confirm a dramatic range contraction for this species over the last 100 years.
The prime minister's remarks were his first detailed response after official figures showed a dramatic 0.7% contraction in economic activity in the second quarter of 2012.
We will deal with the deficit". The prime minister's remarks were his first detailed response after official figures showed a dramatic 0.7% contraction in economic activity in the second quarter of 2012.
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