Now Draghi has signalled that, with the eurozone one or two shocks away from deflation, the inflation outlook may soon justify quantitative easing (QE) like that conducted by the US Federal Reserve, the Bank of Japan, and the Bank of England: outright large-scale purchases of eurozone members' sovereign bonds.
Under Merrill's optimistic scenario, it might soon justify a $30 valuation; under the conservative scenario its price target would be only $10.
Meanwhile, improving efficacy of mechanical assist devices may soon justify transitioning from "bridge-to-transplant" to "destination therapy" as a standard approach for those who cannot safely await a transplant, further altering the landscape of surgical therapy for end stage heart failure.
Relatively favorable output and price performance in the United States could soon justify an interest-rate increase, but the possible global repercussions, especially in emerging and developing economies, add to current uncertainties.
To believe that our nation has always been exceptional, as Pericles said Athens was, or that it will soon justify such a claim, as Lincoln suggested America would do, requires a suppression of ordinary skepticism.
Sachin Pilot, India's junior minister for communications, defended his government's policy, which he said would be streamlined soon, as justified on security grounds.
He instructed his own salesmen to raise the required down payment on land from 10% to 25%, and to entertain bids only from buyers who planned to develop the lots on offer.Fisher's foreboding was soon proved justified.
As the EU foreign policy chief, Lady Ashton, warned that a no-fly zone could risk civilian lives in Libya, the French president told an emergency EU summit in Brussels that air strikes may soon be justified.
He said the company would have to "put up some serious numbers soon" to justify the price.
That same multiple applied to Apple would represent the entire annual economic output of Germany, said Tomas Freyman, director of valuations at BDO. "This is a company with $600m of revenues and no profits," Freyman said, adding that the company would have to "put up some serious numbers soon" to justify the price.
