For starters, Chinese officials should be under no illusion that the country will be immune to financial contagion. A Grexit would hit European banks that hold peripheral eurozone countries sovereign bonds.

System peripheral

Generic system peripheral

Unknown system peripheral

Similarly, with its outright monetary transaction (OMT) program, the European Central Bank has offered to buy peripheral eurozone countries sovereign bonds in the secondary market provided that they sign up to agreed reforms.

Where do the European Union, the eurozone, and the EU s highly indebted countries go from here? Will Europe be able to roll back its welfare states biggest excesses without economic distress and social unrest toppling governments and, in the peripheral countries, undermining already tenuous agreements with creditors?

The Sun burns our peripheral vision.

But, if one considers what might underlie capital movements of this sort, suspicion must also fall on unsustainable policies that extend to countries well outside the eurozone. In the wider European Union, countries like the United Kingdom or Hungary are as much afflicted by structural deficiencies as some peripheral eurozone countries are.

Deflation discourages optimism about the future. Shifting the entire adjustment burden onto peripheral countries with current account deficits, while core countries continue to run surpluses, obstructs adjustment.

And that happens at every peripheral node.

Countries with a stronger fiscal position (that is, smaller structural deficits) should be encouraged to adopt more expansionary policies in order to contribute to lifting overall demand. Moreover, the European Investment Bank s lending capacity could be increased substantially, and European Union structural funds mobilized, to finance investment projects in the peripheral economies.

Thus, its relevance to groundwaters is rather peripheral.

Moreover, national banking systems can now separate more easily, because the peripheral countries current accounts have already achieved a rough balance, with all but Greece expected to record a small external surplus in 2014. With the exception of Greece, the peripheral countries will not need any capital inflows in the near future.

The Central and Eastern European countries and Cyprus associated with the European Union and the European Free Trade Association countries, members of the European Economic Area, align themselves with this statement.

First, eurozone countries must implement reforms aimed at boosting wage and price flexibility through enhanced competition and improved labor and capital mobility within and between member countries. Second, wealth transfers to peripheral countries, while controversial, are necessary.

The Central and Eastern European countries associated with the European Union, Cyprus and the countries of the European Free Trade Association, members of the European Economic Area align themselves with this declaration.

The European Union has supported national disability initiatives in several Eastern European countries.

The Central and Eastern European countries associated with the European Union, the associated country Cyprus and the European Free Trade Association countries, members of the European Economic Area align themselves with this declaration.

The Central and Eastern European countries and Cyprus associated with the European Union and the countries of the European Free Trade Association members of the European Economic Area align themselves with this declaration.

The Central and Eastern European countries associated with the European Union, the associated country Cyprus, and the European Free Trade Association Countries, members of the European Economic Area, align themselves with this statement.

The government bonds of peripheral eurozone countries thus became toxic. Given the unprecedented nature of the Greek default, the market valuation of peripheral debt has been fluctuating widely, still searching for fundamentals, such as deficit or debt levels, that could explain the evolution of risk premia over time.

The response provided by the European region shows stable trends, but in reality the responses of Central and Eastern European countries differ from those of Western European countries.

The Central and Eastern European countries and Cyprus associated with the European Union and the European Free Trade Association countries Iceland and Norway, members of the European Economic Area, align themselves with this statement.

The Central and Eastern European countries and Cyprus associated with the European Union and the European Free Trade Association countries Iceland and Norway, members of the European Economic Area, align themselves with this statement.

The central and eastern European countries associated with the European Union, the associated country Cyprus and the European Free Trade Association countries members of the European Economic Area align themselves with the present statement.

Communications in Central and Eastern European Countries

The Central and Eastern European countries and Cyprus associated with the European Union and the European Free Trade Association countries Iceland and Norway, members of the European Economic Area align themselves with the present statement.

Improve individual countries domestic policy mix in a manner that targets debt sustainability through both growth promotion and deficit reduction, especially in the most vulnerable peripheral economies

The Central and Eastern European countries associated with the European Union, the associated country Cyprus and Iceland and Liechtenstein, and the European Free Trade Association countries members of the European Economic Area align themselves with this statement.

C. European Union and acceding and associated countries

WesternEurope European Union countries, Iceland, Norway and Switzerland.

On the other hand, refusing to accept the growing consensus that fiscal union is the key to resolving the debt crisis exposes the eurozone, and Germany, to serious risks. Sticking to half measures exacerbates markets impatience and provokes increasingly determined speculative attacks, not only on the weaker peripheral countries, but also on core AAA rated countries like France and, eventually, Germany itself whose banking sectors hold large volumes of peripheral countries debt.

62. All the countries alluded to by the European Union were developing countries.

But the creation of the euro caused a sharp fall in interest rates in the peripheral countries, leading to debt financed housing bubbles and encouraging their governments to borrow to finance increased government spending. Amazingly, global financial markets ignored the credit risks of this sovereign debt, requiring only very small differences between interest rates on German bonds and those of Greece and other peripheral countries.

Lithuania had concluded readmission agreements with the Nordic countries, the Visegrád countries and most European Union countries.

stemming continuing immigration from countries outside the European Community

This is likely to happen soon. At this point, peripheral countries will regain their fiscal sovereignty and will be able to ignore Reinhart and Rogoff s warning at their own risk.

This year, the G 8ers are talking about interesting but peripheral issues, such as the economic impact of the Internet. Worse, they are talking about important issues, like food security, in a peripheral way.

Within 20 years, GDP increased four fold, while exports increased more than ten fold. Once a peripheral European country economically and politically, Poland has become one of Europe s leading states and a co shaper of its future.

Other reform proposals contained in your draft outcome document, Mr. President, would become peripheral.

the acceding countries Bulgaria and Romania, the candidate countries Turkey and Croatia and the European Free Trade Association countries Iceland and Norway, members of the European Economic Area, align themselves with this statement.

(e) Network for central eastern and south eastern European countries

Such mechanisms had now been adopted by eastern European countries.

The ECB s über aggressive actions have achieved little in the way of bringing about long awaited structural transformation in the region. Crisis torn peripheral European economies still suffer from unsustainable debt loads and serious productivity and competitiveness problems.

The European Commission's Market Access Database provides information on exports from the European Union (EU) to non EU countries.