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Both the UK and the US have large financial sectors and both were highly exposed to a financial sector shock.
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Moody's also cited an increased chance of Greece leaving the eurozone, which "would set off a chain of financial sector shocks... that policymakers could only contain at a very high cost".
Moody's also pointed to what it said was a greater danger that Greece would leave the euro and "set off a chain of financial sector shocks and associated liquidity pressures for sovereigns and banks that policy makers could only contain at a very high cost".
His comments came as Moody's Investors Service cited an increased chance that Greece could leave the euro zone, which would set off a chain of financial sector shocks.
That, it said would trigger "a chain of financial-sector shocks", leading to the unwinding of the eurozone.
Terrence Higgins Trust, the largest provider of HIV and sexual health services in the voluntary sector, expressed shock and disbelief as structured plans for introducing PrEP were shelved.
(His colleague, the eminent economic historian Nicholas Crafts, while equally dismissive of some of the things Mrs. Thatcher was doing, was also of the view that a strike-prone and inefficient industrial sector needed shock therapy).
The initial brightening sector of shock aurora was usually limited to the ionospheric footprint of the magnetospheric cusp with longitudinal width of a few magnetic local time (MLT) hours, and then propagates toward dawnside and duskside along the auroral oval flanks with high speed and terminates the midnight sector ultimately (Zhou and Tsurutani 1999; Tsurutani et al. 2001; Meurant et al. 2004).
The structure of the interdependencies between sectors determines the aggregate and sectoral impact of sectoral shocks and stimulus.
MADRID — Spain's already fragile banking sector was shocked Thursday by the news that Emilio Botín, the country's most influential banker and chairman of Banco Santander, and 11 of his relatives were the subjects of an investigation into tax evasion stretching back to accounts that ostensibly were opened during the dark days of the Spanish Civil War.
PAGE A28 BUSINESS Top Banker in Spain Faces Inquiry Spain's already fragile banking sector was shocked by the news that Emilio Bot? the country's most influential banker and chairman of Banco Santander, and 11 of his relatives were the subjects of an investigation into tax evasion stretching back to accounts that ostensibly were opened during the dark days of the Spanish Civil War.
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