The eurozone crisis was again centre stage as the Bank of Greece warned of an uncontrollable crisis unless a deal was agreed with its creditors, while one of the country's top negotiators warned it had no money to pay the €1.6bn due to the International Monetary Fund at the end of the month without an agreement.
The governor of Greece's central bank, Yannis Stournaras, warned on Wednesday that his country was on the brink of an "uncontrollable crisis" and that failure to reach a deal would "lead initially to a Greek default and ultimately to the country's exit from the euro area and – most likely – from the European Union".
Oteiza and Pinuer (2013, 54) use the term "Acceleration" to describe how these features "create a sense of rapid progression of time towards a situation of uncontrollable crisis".
"A manageable debt crisis, as the one that we are currently addressing with the help of our partners, would snowball into an uncontrollable crisis, with great risks for the banking system and financial stability," the bank said in its annual report.
The current crisis risks bringing down the whole EU edifice, and lead to uncontrollable political crises in various countries, because of this major flaw.
❦ By 1987, faced by an apparently uncontrollable set of crises, everything the BBC did came under political attack.
Instead of instructing institutions to invest carefully lest they lose their shirt, the Fed encouraged firms to invest riskily, since risky bets pay off in good times and are chalked up to the uncontrollable forces of crisis in bad times.And second, of course, the extreme danger of the crisis led the government to throw moral hazard concerns overboard entirely.
For example, depression, alcohol and drug problems, severe anxiety, uncontrollable anger, and acute family crises.
He said that crises like Regensburg, with their "uncontrollable outpouring of emotion, end up providing a living proof that Muslims cannot engage in reasonable debate and that verbal aggression and violence are more the rule than the exception".
(Patient 7, Black) Most patients (9/12) were very resourceful in controlling their symptoms through practical and mental distractions, but some (3/12) recalled crisis situations of unbearable and uncontrollable pain.
See articleThe heavy rattling of sabresBan Ki-moon, the UN secretary-general, warned that the crisis on the Korean peninsula may become "uncontrollable".
