But the fiscal crisis is not the whole story.

Chronic fiscal Imbalance A crisis in one area will quickly lead to a crisis in other areas.

Moreover, fiscal and sovereign debt strains are becoming worse as interest rate spreads for Spain and Italy have returned to their unsustainable peak levels.

Moreover, fiscal and sovereign debt strains are becoming worse as interest rate spreads for Spain and Italy have returned to their unsustainable peak levels. Indeed, the eurozone may require not just an international bailout of banks (as recently in Spain), but also a full sovereign bailout at a time when eurozone and international firewalls are insufficient to the task of backstopping both Spain and Italy.

Budgetary control

Budget year

The Greek Budget Myth

BUDGET ADMINISTRATIVE ACCOUNT

(c) Budget control

(a) Budget period

The budget deficit has been reduced.

Across the Atlantic, America s fiscal crisis and weak economic growth will force it to reduce its global military commitments.

The EFSF has bought short term gain in exchange for much larger losses if the situation deteriorates a fiscal crisis in Spain could bring down the entire edifice.

Paragraph 9 (b) Budgetary control

To close the budget gap,

Why an increase in public debt?

Budgetary Committee

How can a bond guaranteed in large part by countries such as Italy and Spain (likely candidates for a fiscal crisis) provide AAA status to Irish bonds?

The result is a budget deficit equivalent to more than 5 of GDP.

THE EXECUTIVE COMMITTEE OF THE HIGH COMMISSIONER'S PROGRAMME

Budget forecast, 2006 2007 expenditures

8. IAEA Administrative and Budgetary Committee

We have lots and lots of time to avoid that crisis, and the fiscal cliff was just one more attempt at trying to force the two sides to resolve the crisis.

Sport I.R.T.

Turkey's public debt is simply unpayable.

The Nokia 6070 is a mobile phone made by Nokia.

C. Peace keeping budget cycle

C. Peace keeping budget cycle

Crisis.

Crisis.

Greece has also shown that the euro crisis is less a financial crisis than a sovereignty crisis.

This year, despite a massive budget crisis, the UK government has heroically honored its aid commitments, showing that other countries could have done so if they had tried.

The European crisis, which we are passing through, is an economic crisis, but it is primarily a political crisis and a crisis of democracy.

The total government budget deficit stopped at 1.7 of GDP.

Although the housing boom in the United States which helped in this regard ended in 2006, consumer debt continues to grow, and America s Federal Reserve has been doing everything it can to encourage this.

Credit can also temporarily fill consumer budget gaps.

9. The revised estimates are not submitted in a complete budget format.

Japan's crisis is systemic, not cyclical.

This is a crisis.

The Cooperation Crisis

The crisis is over.

A Crisis of Trust

A Crisis of Understanding

A Civilization in Crisis

The crisis of liberal representation