A second similarity is that both institutions face deep existential crises.

Now we have awakened to an existential crisis for the common currency.

General Motors, faced with an existential crisis, has sought to transform its business model.

Each of these pillars is needed if Europe is to overcome its existential crisis.

It is now mired in an existential crisis more profound than at any point since 1945.

Likewise, Europe s latest existential identity crisis is again creating a great deal of policy uncertainty and unpredictability.

The deep economic crisis has affected both countries.

Even the developed economies are in deep crisis.

But only Europe s currency union faces uncertainty about its future America faces no existential crisis for its currency.

I did not mean that the United Nations, marking its sixtieth anniversary this year, was in existential crisis.

The eurozone is gripped by an existential crisis that is slowly, but inexorably, destroying the monetary union s very foundations.

Given this, it might seem premature, to say the least, to announce the return of the West, especially at a time when the US economy remains fragile, Europe s financial crisis is fueling an existential funk, and Japan s deep structural malaise continues.

like an existential glue.

Nevertheless, whichever direction the euro crisis takes, its ultimate resolution will end the extreme existential uncertainty that clouds the outlook today.

Aron wrote cool, sleek prose about the most heated geopolitical conflicts, while Sartre could turn any triviality into an existential crisis.

And yet one senses among elites from emerging countries something akin to existential doubt, which the European crisis has served to reinforce.

Terrorism is an existential threat.

A deep crisis in any member country is likely to become contagious.

The aftermath of a typical deep financial crisis is something completely different.

The political crisis that has rocked Haiti has deep roots in Haitian society.

Situated in the heart of Africa, Zaire is a country in deep crisis.

Although the pressure from financial markets has moderated, for now, a long term resolution to the crisis remains an existential priority for the EU.

Existential risk the second big problem.

Carmen Reinhart and I proposed this moniker in our 2009 book This Time is Different, based on our diagnosis of the crisis as a typical deep financial crisis, not a typical deep recession.

As a result, Europe continues to try to quench the fire with gasoline German enforced austerity with the consequence that, in a mere three years, the eurozone s financial crisis has become a European existential crisis.

It is a weakened democracy mired in an economic and social crisis so deep that it verges on becoming an identity crisis.

Or Living in existential vacuum it sucks.

Year after year, the EU has successfully muddled through its difficulties. But now it has to deal with two sources of existential crisis Greece and Ukraine.

The only way to overcome Europe s existential crisis, and to respond to citizens demands for change, is to confront Europe s domestic opponents head on politics without palliatives.

Indeed, its existential essence rendered it politically untranslatable.

Perhaps you're having a moment of existential angst.

In Europe, the global financial crisis of 2008 left a legacy of deep political and economic crisis in the weaker economies of Southern Europe.

In short, the crisis has produced a deep delegitimization of Greece s democratic politicians and their supposed achievements.

Deep and widespread misery and an acute environmental crisis put the country socially and ecologically at risk.

Afghanistan does not pose an existential threat to global security.

JeanPaul Sartre has absolutely nothing to do with existential psychoanalysis.

Instead, the crisis demonstrated the deep divisions within Europe on everything from financial regulation to the requisite policy response.

It will take real effort and creativity to repair the deep cracks in globalization revealed by the financial crisis.

This deep pessimism militates against any public debate or reform, and exaggerates the importance of the current political crisis.

Rather, it will emerge from a concept that addresses existential needs.

Israel s nuclear deterrence is its ultimate defense against an existential threat.

For all, a perilous existential moment is increasingly close at hand.

All States should support their initiative to address this existential threat.

It is now mired in an existential crisis more profound than at any point since 1945. And, while muddling through is a characteristic response of complex political systems, it is deeply destructive.

But the mutually reinforcing recession and debt crisis that Spain now faces have reinvigorated Catalonia s long standing secessionist movement austerity has transformed a chronic, though manageable, problem into an acute existential question.