This division of core and periphery is common in many countries.

That is when the crisis spread to the periphery of the world economy, because countries on the periphery could not provide equally credible guarantees.

If the periphery economies are allowed to collapse, developed countries will also be hurt.

Fiscal austerity in the periphery requires cutting back on imports hence, the countries exporting to the periphery need to curtail their own imports and so the process cascades.

Countries that are in a position to create their own money do not need them, but the periphery countries do.

There is a center, led by Germany, and a periphery, consisting of the heavily indebted countries.

But the problems are not limited to Greece or even to the other countries on the eurozone s periphery.

The solution is on the periphery.

Moreover, the countries on Europe s periphery remain in difficulty, as doubts about the sustainability of adjustment programs have resurfaced.

The creditors imposition of strict austerity on the periphery is perpetuating the eurozone s division between center and periphery.

The division between debtor and creditor countries will become permanent, with Germany dominating and the periphery becoming a depressed hinterland.

But the periphery is seething with discontent.

I'm changing the periphery of the shot,

Indeed, the risk has become more concentrated as banks in the periphery have increased their investment in their own countries bonds.

I was always on the periphery of art.

The continent has been a relatively quiet periphery because its countries tend neither to fight each other nor to divide from within.

Without external constraints, public and private expenditure grew precipitously in many countries on the eurozone periphery, while wages rose faster than productivity.

So, if countries in the eurozone s periphery are forced to undertake fiscal austerity, countries able to provide short term stimulus should do so and postpone their own austerity efforts.

PRINCETON There are historical precedents for sovereign debt defaults by the countries of Europe s southern periphery, but they are not instantly attractive ones.

The International Financial Institutions (IFIs) are now faced with a novel task to protect the periphery countries from a storm that emanated from the center.

At the same time, periphery countries held a lot of dollar denominated obligations which they had to repay when they could not roll them over.

Focused on their own problems, Europeans do not have time to think about how the crisis in the EU impacts the countries on Europe s periphery.

The proposal to establish migrant processing centres at points on the periphery of the countries of destination was not feasible and would be degrading to the countries where such camps would be located.

First, the eurozone authorities misread the real causes of the debt crisis, which stemmed mainly from a growing competitiveness gap between the core and periphery countries.

Perhaps they should look to the periphery of the world economy.

Financial markets might not give the eurozone periphery that much time.

The Germans have been insisting on institutional change more centralized eurozone control over periphery banks and government budgets in exchange for expanded access to financing for the periphery.

In Europe, concerns about domestic income inequality, though more muted, are compounded by angst about inequality between countries, as Germany roars ahead while the southern periphery stalls.

There is also the unresolved question of how much the periphery countries really should be asked to pay on their debilitating debt burdens, whatever the tax instrument.

The solution is not over here. The solution is on the periphery.

Interestingly, the terms center and periphery have crept into usage almost unnoticed.

The periphery can grow again only if it succeeds in exporting more.

The crisis had moved from the monetary union s periphery to its core.

So, looking at other parts of Europe's periphery, such as North Africa.

I'm sorry but that's too bad! Rap is on the periphery! Yeah!

Perhaps they should look to the periphery of the world economy. Many small countries there have experimented with policies and institutions that could usefully be adopted by others.

Indeed, if the eurozone is to survive, the northern countries will have to continue to help the periphery with new loans until access to private markets is restored.

And so it has remained budgets are cut, growth falters, and periphery countries must engineer substantial real exchange rate devaluations to regain competitiveness and close their external deficits.

The Chinese themselves do not want the Americans to leave the Western Pacific, as that would make smaller countries on China s periphery even more nervous about Chinese power.

Moreover, there are countries with government debt burdens that are as large, if not larger, than those on Europe s periphery the United States and Japan being prime examples.

Even if a fatal calamity can be avoided, the division between creditor and debtor countries will be reinforced, and the periphery countries will have no chance to regain competitiveness, because the playing field is tilted against them.

Throughout the periphery, populist parties of the left and right are gaining ground.

All are exposed to the effects of disorder and turbulence on the periphery.

But a weaker German economy makes adjustment in the periphery even more difficult.

Export growth is down sharply, turning negative vis à vis the eurozone s periphery.