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avalanche lily English
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avalanche lily
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News and current affairs
He could hardly have been held responsible for the hubris which led to the avalanche of 1973, yet it nonetheless brought him down as well.
PARIS - In Northern Europe, especially Germany, the European Central Bank's decision to embark on quantitative easing (QE) has triggered an avalanche of indictments.
This would lead to greater discipline among the eurozone's indebted countries and save Europe from a debt avalanche that could ultimately drive currently solvent states into bankruptcy and destroy the European integration project.
That will be a matter of opinion until the recession begins to abate; the truth is that we don't yet know whether this crisis will be a snowball that grows layer by layer or an avalanche that sweeps away entire industries.
The IMF needs to prevent Europeans from allowing their constitutional paralysis to turn the eurozone's debt snowball into a global avalanche.
Indeed, it is our belief that the recent death sentences could mark the onset of an avalanche of highly doubtful Court rulings in Tibet, which could lead to a worrying number of executions in that tense and troubled region.
But any renegotiation following a Syriza victory would undoubtedly unleash a political avalanche in the southern EU that would sweep away austerity and fully reignite the eurozone crisis.
That intervention became the proverbial snowball that set off an avalanche.
As a consequence, chaos looms in Greece, as does the prospect of subsequent bank runs in Spain, Italy, and France - and thus a financial avalanche that would bury Europe.