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To cap that, fiscal policy is now aggravating the recession: successive austerity packages have led only to falling tax revenues, requiring further spending cuts.It is true that the currency board makes a devaluation especially difficult and costly (around 70% of bank deposits and private-sector debt is in foreign currency).
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Stocks recovered slightly around midday, only to fall sharply again.
The Note 7 has risen before only to fall again.
Fred Thompson sped to the front for a while only to fall asleep at the wheel.
He seems to move past Carlyle, only to fall back and collapse from a mortal wound.
Of course, the economy has been here before, only to fall back again.
Italy had escaped imperial dominance only to fall under the shadow of the French.
The far right has surged before, only to fall back in later elections.
Once in a while, the markets do move up — only to fall again.
They rose on their toes, only to fall on the floor and then rise again.
In the middle of February, it hit $8.50, only to fall to $5.24 yesterday.
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