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The Greek election and the financial deterioration in Spain have tested this hypothesis, almost to breaking point.
This financial deterioration isn't just limited to a few trusts making bigger deficits – it's affecting nearly all trusts.
Maytag's financial "deterioration resulted from sluggish top line performance and margin pressure caused by higher steel and energy costs," Moody's said.
Global Crossing, which was formed by former Wall Street bankers, was a stock market favorite until its rapid financial deterioration last year.
But routine increases in defense and domestic spending account for only about 15percentt of the financial deterioration, according to a new analysis of CBO data.
A rapid financial deterioration means that hospitals have overspent by £1.3 billion so far this financial year while waiting times have not improved.
Similar(41)
Among the symptoms of incipient decline were the growing depopulation, especially of the central districts of the empire, the constant financial difficulties, the deterioration in character of the local governments in the provincial communities, and the increasing reluctance exhibited by all classes to undertake the now onerous burden of municipal office.
The YW-BCI36 contains 36 items and highlights 8 factors: 1) feeling of couple cohesion, 2) negative affectivity and apprehension about the future, 3) management of child(ren) and of everyday life, 4) sharing with close relatives, 5) body image and sexuality, 6) financial difficulties, 7) deterioration of relationships with close relatives, and 8) career management.
(21) In order to preserve financial stability, the deterioration of an institution's financial and economic situation must be remedied at an early stage.
(21) In order to preserve financial stability, the deterioration of an institution's financial and economic situation must be remedied before that institution reaches a point at which authorities have no other alternative than to resolve it or to use tax payers' money for intervention.
Ms Hewitt denied this was a deterioration in financial control.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com