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But even as Europe moved to avert this latest debt crisis, economists and policy experts are increasingly debating whether it would be better, and fairer, for the Continent's weakest economies to default on payments to lenders.
Chief Justice Roy Moore of the state Supreme Court moved to avert a judicial crisis by accepting an emergency $500,000 allocation from Gov. Don Siegelman that will allow the resumption of jury trials halted by a budget dispute.
The actions announced Sunday echoed similar actions in mid-March, when the Fed moved to avert a financial collapse of the investment bank Bear Stearns by offering an emergency loan to facilitate its sale to JPMorgan Chase.
Under great pressure from Arab nations and from Lebanese Muslims, Hélou in 1969 moved to avert a crisis by accepting Karami's proposed policy of coordination between the PLO and the Lebanese army, whereby the PLO secured the right to establish armed units in Lebanese refugee camps.
It has moved to avert its financial crisis by swapping short-term notes for long-term ones, but its economy has been stuck in a recession for three years, with unemployment at 17%, and its $155 billion total debt is drawing gasps from creditors.
Recent research by Birkmeyer and Dimick [ 7] uses data from 2000 to estimate the volume-mortality association and the national impact of the Leapfrog volume standards, and finds that 148,508 CABG cases would have to be moved to avert 594 deaths and 91,153 PCI cases would have to be moved to avert 547 deaths.
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JPMorgan Chase, the Wall Street giant whose reputation in Washington has eroded in a matter of months, is now moving to avert a showdown over accusations that it manipulated energy prices.
Given the short time frame for action and the prospect of an intractable political clash, leaders in both government and business are already moving to avert a crisis that most likely would be "a recovery-ending event," as Ben S. Bernanke, the Federal Reserve chairman, testified recently in the Senate.
He said market worries about Brazil also dragged prices lower as investors wonder how long the International Monetary Fund will take to move to avert a financial meltdown that could threaten markets across Latin America.
Meanwhile, Le Monde, in a move to avert bankruptcy, recently moved to sell a controlling stake to a group of investors with connection to the Socialist Party.
A 2013 accord, brokered by Russia, took Assad's declared chemicals out of Syria in an 11th-hour move to avert US bombing.
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