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One of the prime lessons from the euro crisis is that banking crises in one state can endanger the currency club itself, as the cost of bailing out national banks threatens to overwhelm a member-state's finances, creating sovereign-bond crises that in turn scare markets and cause disruptive capital outflows.
We overlooked one of the prime lessons of our own history, that we had been able to spearhead the industrial revolution in the eighteenth century, not because of our size we only had a third of the population of France but because, at a time when the countries of the continent were fragmented by internal tolls and tariff barriers, we were the biggest single market in Europe.
Similar(58)
Which is a prime lesson for Labor Day.
But a prime lesson from the Oslo process was that its phased approach did not work.
A prime lesson, he said, was to "step up my game for a big match".
This is a prime lesson of "The Prince," and Machiavelli appears to have been determined to live by it.
The prime lesson to be learnt seems to be to listen to your boyfriend when he tells you he's going away for two weeks.
But one rule of thumb that ought to be a prime lesson of the first auteurist days — from the young critics at Cahiers du Cinéma in the nineteen-fifties, who were the first to recognize that some of the filmmakers in Hollywood were among the greatest artists of the era — is that there's no intrinsic aesthetic demerit to being inside the system, no intrinsic merit to spurning it.
A prime lesson of the past year: The auction model, which connotes remnant or distressed inventory, is a lousy lure for media buyers, who look for choice placements in prime markets.
From the ashes of that outrage could rise a prime lesson in good governance, a place where public officials make real effort to partner with citizens on matters of budget.
It can now pridefully point to the show as a prime example of a lesson learned, a win-win, as some have crowed about the decision to rescind Robertson's suspension.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com