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WORRIES about a financial meltdown across eastern Europe have receded, thanks to generous outside support, some canny policies and the start of a recovery in western Europe.
Jonathan Portes, head of macro-economic think tank NIESR said central bank support can stop a meltdown across the banking system in times of severe stress.
Not only have we experienced much greater volatility and propensity to financial meltdown across emerging markets and now even industrial countries, but even the periods of economic expansion have been based on the global poor subsidising the rich.
BERLIN — European leaders raced Thursday to complete their part of a long-delayed financial rescue package for Greece, hoping to head off a chain reaction against other heavily indebted European nations that could turn into a financial meltdown across the continent.
Given the meltdown across its southern border, Turkey needs a good relationship with the U.S. as much as, if not more than, the U.S. needs access to Incirlik.
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But it was not until Sunday, one official noted, that the meltdown spreading across Europe was regarded as "an existential threat".
The week of my trip to Corsica, news of financial meltdown blazed across the headlines and it felt appropriately self-denying to spend two days on a journey that by air would have taken two hours.
"They were asleep on the job during the Christmas meltdown, and across the country projects are delayed, overspent and at risk of being cut back," said shadow rail minister Lillian Greenwood.
During the financial meltdown that followed, markets across the globe were roiled.
They were planning to meltdown nuclear power plants across the country, shoot down Air Force One and set off a nuclear missile.
All of Japan's 50 operable nuclear reactors were shut down following the March 2011 triple meltdown, which spewed radiation across northern Japan after a huge earthquake and tsunami knocked out vital cooling systems.
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