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It was designed to protect smaller peripheral states.
"These are governors that, because they come from peripheral states, have been neglected".
But critics say he risks pushing depositors and investors into fleeing banks in peripheral states.
This would involve a managed devaluation of the debts of the peripheral states, backed by rescue packages for individual banks that then find themselves in trouble.
It would seem that no matter what the economic costs of saving peripheral states, the richer EU member states seem willing to continue throwing good money after bad.
Many economists predict that the currency will weaken more as the growth gap between the core and peripheral states creates further disharmony.
Similar(23)
He said in December: In front of us is a decision on whether we want to be part of the heart of Europe with the common currency at its core, or a peripheral state with its own currency.
On the other hand, the clearly peripheral state of Cambodia signed a 'trade deal' to accept refugees from tiny Pacific Island Nauru, in exchange for a US $35 million aid deal with Australia.
A limitation of our study here is that we focused on the most frequently used HCT and HGB values to relate the peripheral state of ID to the iron status in the AN.
This known signal is sent by the brain to muscle, and the afferent response is compared to the descending command with the aim of discovering features of the peripheral state.
Correspondingly, the pons shows the proximate relationship with peripheral state notably diastolic blood pressure and, in the context of inflammation, dACC activity appears to be effecting a regulatory influence on brainstem visceromotor control.
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