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He argued that failure to intervene would have left crisis countries locked in a vicious financial circle from which they would have been unable to escape even if they pursued sound economic policies.
Streeck, emeritus director of the Max Planck institute in Cologne, synthesises the various strands of left crisis theory into a convincing proposal: "a diagnosis of multimorbidity, in which different disorders exist and, more often than not, reinforce each other".
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Northern Ireland skipper Steven Davis has become the latest player to leave crisis club Rangers by signing for newly-promoted Southampton.
"Our country has long since abandoned the notion that we should leave crises to be resolved solely by the marketplace," he says.
We know that the structure of the eurozone encourages divergence, not convergence: as capital and talented people leave crisis-hit economies, these countries become less able to repay their debts.
"I left one crisis," he said, referring to his homeland, "and got into another".
As he left his crisis meeting with party leaders around 8 p.m., Mr. Rangel insisted that he was not stepping down.
When Fauset left The Crisis, she hoped to secure a job as a proofreader for a publishing house.
As they left the crisis headquarters, firefighters, police officers, soldiers and nuclear officials lined up to salute them.
The latest economic indicators have, however, somewhat tarnished the image of a country that has left the crisis behind.
Having acted decisively in Kuwait, the first President Bush left the crisis in Bosnia to the Europeans.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com