Indeed, the fallibility of the bond markets and rating agencies was evident in the run up to the 2008 crisis.

It is good that the Fed is trying to make amends for its dismal pre crisis performance.

Even after the crisis, global growth is almost certain to remain lower than the pre crisis boom years for some time to come.

The Commission proposal to the Council for a directive on the supervision of credit institutions on a con solidated basis is a small first step in the direction of more effective checks on commercial banks.

When the proper mission of this Parlia ment becomes reality, it will doubtless be absolutely essential to have the close cooperation with the Council which is provided for in the Hänsch report and which will make it essential for decisions under European political cooperation to be taken unanimously, as proposed in the report by Lady Elles.

(8) Progress has been made on the work out of non performing loans, although they remain at high levels compared with the pre crisis period.

It is likely that China will shortly resume its pre crisis policy of managed appreciation.

Regular monitoring visits were carried out before the crisis.

Mr President, Commissioner, there can be no doubt that, especially recently, tourism in Europe is going through a serious crisis, due in part to the Iraqi crisis.

Since the crisis began, popular initiatives have flourished on the streets and the net.

We should therefore try to become much less depend ent on oil as a source of energy.

Vanished unseasonably at shut of eve

Untimely ripp'd!

In most deficit countries, strong credit expansion over the last decade fueled unsustainable pre crisis booms.

But in order to provide these, we need to know much more about disability in the Com munity.

But the crisis confronting Europe is not so much about political union as it is about European Economic and Monetary Union.

Before the crisis, most even had well functioning economies.

Before the crisis, such ideas would have been dismissed out of hand.

There is no simple return to a pre crisis normalcy.

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5.9.2 It is the most vulnerable who are hardest hit by the crisis.

Clearly, the post crisis period has revealed unacceptable behavior in many institutions.

More recently, Ban took an active role in the Gaza crisis.

The refugees have been waiting for the last ten years for an amicable and permanent solution to the crisis.

Yet policymakers continue to focus on short term demand management in the hope of resurrecting the heady growth rates enjoyed before the 2008 09 financial crisis.

The fall in employment had also slowed down before the onset of the crisis.

It had a fiscal surplus before the crisis after the crisis, its deficit increased to more than 11 of GDP.

But, as Carmen Reinhart and Ken Rogoff have long documented, post crisis healing is typically slow and painful.

After all, its GDP fell much less, although it ran similarly large current account deficits before the crisis and ran much larger fiscal deficits for longer.

Even from before the Pharaonic era.

But even if they manage to limit the fallout from the present crisis, another one will be along shortly.

Japanese interest rates have been close to zero for many years significantly lower than those in most other economies, especially in the pre crisis period.

BEIJING In June, the Peoples Bank of China (PBC), China s central bank, announced an end to the renminbi s 23 month old peg to the dollar and a return to the pre crisis exchange rate regime adopted in July 2005.

Spain and Ireland had fiscal surpluses and low debt GDP ratios before the crisis.

LONDON The crisis in the eurozone remains far from resolution.

So yesterday s (pre crisis) world is being resurrected.

A high proportion of local enterprises are facing serious financial crises.

3.2 After the first period of crisis, it is clear that the shipbuilding sector has been hard hit worldwide.

But just as the pre crisis credit boom masked underlying structural problems, post crisis credit constraints have greatly amplified the downturn.

It had a fiscal surplus before the crisis after the crisis, its deficit increased to more than 11 of GDP.

Former British Prime Minister Margaret Thatcher s famous injunction that you cannot buck the market was part of the regulatory mindset in the pre crisis Anglosphere.

After all, its GDP fell much less, although it ran similarly large current account deficits before the crisis and ran much larger fiscal deficits for longer.

This does not mean that recovery of households balance sheets can be ignored in the post crisis period.

To avoid ruble depreciation and inflationary pressure, the CBR raised its benchmark interest rate to 8 (from 5.5 before the Crimea crisis).

American civilisation prior to Christopher Columbus.