Not surprisingly, our survey group ranked chronic fiscal imbalances second among 50 global risks that are most likely to manifest themselves over the next ten years.

The global economic crisis has merely helped to mask chronic structural imbalances within the region.

Undetected imbalances and systemic risk make fiscal policies seem prudent when they are not.

Moreover, instability would become chronic, because the eurozone would no longer offer a backstop for fiscal and financial laxity.

My conjunctivitis is chronic.

I have chronic dermatitis.

The OMT program breaks the volatile liquidity cycle that stems from chronic shortages of bank collateral and a limited fiscal transfer mechanism.

Global growth remains slow and, with monetary and fiscal policies having a limited impact on economic recovery, governments have neither the resources nor the courage to push for major projects. Not surprisingly, our survey group ranked chronic fiscal imbalances second among 50 global risks that are most likely to manifest themselves over the next ten years.

Facing Up to Chronic Disease

Tom suffers from chronic pain.

Tom suffers from chronic pain.

Balancing the World s Imbalances

Global Imbalances without Tears

Will Global Imbalances Return?

Deeper fiscal surveillance should be matched by broader economic surveillance, especially since current account imbalances have become more acute during the crisis.

The euro s recent sharp rise has made this competitiveness problem even more severe, reducing growth further and making fiscal imbalances even larger.

One popular scenario is chronic inflation.

She suffers from a chronic malady.

She suffers from a chronic illness.

Tom suffers from chronic back pain.

Tom suffers from chronic back pain.

And yet many policymakers are insisting on immediate action to rectify not only fiscal deficits, but also trade imbalances and banks balance sheet weaknesses.

Elliot Krane The mystery of chronic pain

Humpty Dumpty and Global Financial Imbalances

It will, of course, be important for the Fund to focus on global imbalances, not bilateral imbalances.

Several related factors underlie the region s chronic instability.

Japan's chronic slump is a case in point.

Second, the factors slowing US growth are chronic.

Chronic obstructive pulmonary disease (COPD), also known as chronic obstructive lung disease (COLD), and chronic obstructive airway disease (COAD), among others, is a type of obstructive lung disease characterized by chronically poor airflow.

From Global Imbalances to Effective Global Governance

Demand adjustments in large current account imbalances?

A Balanced Look at Sino American Imbalances

Governments that pursue policies whether US fiscal laxity or China s exchange rate peg that create unsustainable imbalances do so for what they regard as important political reasons.

In other words, said Singh, we should leverage imbalances of one kind to redress imbalances of the other kind.

While taking into account all of his chronic illnesses.

Fiscal Policy.

Fiscal consolidation.

It will encourage the reemergence of global imbalances.

This round was supposed to redress those imbalances.

In the face of this new old reality, Europe must not merely make itself heard on the great global issues of trade and fiscal imbalances, important as they are.

France s chronic malaise is marked by periodic explosions of protest.

Drugs of abuse their genetic and other chronic nonpsychiatric hazards .

In Ireland and Spain, private savings collapsed, and a housing bubble fueled excessive consumption, while in Greece, Portugal, Cyprus, and Italy, it was excessive fiscal deficits that exacerbated external imbalances.

This will not correct the imbalances that exist today.

Imbalances are not solely the result of irresponsible policies.