Exact(4)
Brown admitted the government had not seen what was coming: "What we did not see, nobody saw, was the possibility of markets' failure.
A failure to raise the debt ceiling would have threatened chaos in world financial markets; failure to reach a deal on the so-called fiscal cliff would have led to so much sudden austerity that we might well have plunged back into recession.
Their article was written before the current financial meltdown largely caused by the financial markets' failure to identify rising risks by pushing interest rates up.
In the context of emission markets, failure to include early action (EA) as a criterion when sharing out the reduction effort may be unfair.
Similar(54)
"There is market failure.
It was a colossal market failure.
So there is no market failure".
China can ill afford this market failure.
Instead it is a market failure.
There is a market failure here.
It's just a marketing failure.
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