This would allow the Bank of Canada to redistribute wealth and liquidity to financial institutions, buttressing them against the immediate aftershocks of the crisis and maintaining the vital flow of credit to Canadians and businesses during the so-called credit crunch.

Underlines that the answer to the crisis must be more Europe and not less Europe, in order to restart investment, boost the creation of jobs and help rebuild confidence in the economy; has already been critical of the freeze in commitment appropriations in the DB adopted by the Commission as underlined in Parliament's above-mentioned resolution of 4 July 2012 on the mandate for the trilogue, cannot therefore accept Council's decision to reduce them further down to 1,27 % compared to budget 2012; recalls that commitments reflect EU political priorities and should be set having in mind a long term perspective where the economic downturn ...[+++]might be over; intends to increase commitment appropriations above the DB on a few selected budget lines directly related to the delivery of the Europe 2020 priorities and in line with traditional Parliament's priorities;

In the Mediterranean region, the low international integration of the financial sector and prudent lending policies, combined with the relatively low reliance on external financial flows, have largely buffered financial institutions from the consequences of the sub-prime fallout and over-leveraging.

The Conservatives decided not to deal with the crisis in forestry, and it is just piled up now on top of the banking crisis, the credit crisis, and so forth.

Now, the automotive industry is in an unprecedented crisis caused by a credit crunch.

You can go back to the beginning of the credit crisis in August 2007 when it became apparent that the sub-mortgage crisis was arising in the United States, and then into 2008 and the crisis in the real economy and what the economists are calling ``The Great Recession'. '