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That big rescue package may be just the start of a long slog to keep the euro zone intact.
Some of the edge has come off the euro crisis this fall, as beleaguered voters in Greece and grumpy bankers in Germany have shown clear political will to hold the euro zone intact.
Chancellor Angela Merkel of Germany and President François Hollande of France said that their countries were "bound by the deepest duty" to keep the euro zone intact and that they would do "everything" necessary to protect the single currency.
What is more, many executives in the City expect Europe to be mainly focused in the coming months and years on trying to keep the euro zone intact, rather than pondering a frontal attack on London's financial services industry.
Still, the suggestion by a euro zone member, even crippled Cyprus, that the central bank committed serious policy missteps illustrates the hazards lurking as the bank heads further outside the realm of conventional monetary policy in hopes of keeping the euro zone intact.
And while the essays do not present any ideas that have not already been aired, their deep explorations of the complex legal issues involved — and the difficulties inherent to reintroducing the drachma to Greece — are a reminder of the vast challenge that Europe confronts if it is to keep the euro zone intact.
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The obtained cementation exponents of the surrounding damage zones and intact zones average 0.93 and 0.78, respectively.
He called the exercise a worst-case hypothetical, adding that his forecast assumes "the euro zone remains intact" with "no defaults".
The proposed method assumes that the shear force acting in a concrete beam is resisted primarily by the compression zone of intact concrete in the cross section.
The concrete shear capacity of the concrete beams is mainly provided by the compression zone of intact concrete since the tension zone of the concrete beams is severely damaged by flexural cracks before shear failure.
Mr. Whyte said that despite two years of crisis management, the fundamental structure of the euro zone remained intact, with lower-productivity economies in the south yoked to higher-productivity economies in the north, which prevents the laggards from competing through a currency devaluation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com