Contagion vs Crises - What's the difference?
contagion | crises |
A disease spread by contact
The spread or transmission of such a disease
The spread of anything harmful, as if it were such a disease
(finance) A situation in which small shocks, which initially affect only a few financial institutions or a particular region of an economy, spread to the rest of financial sectors and other countries whose economies were previously healthy.
* 2011 , , Project Syndicate,
(finance) A resulting recession or crisis developed in such manner.
As a noun contagion
is a disease spread by contact.contagion
English
Noun
(en noun)Germany Must Defend the Euro:
- And it was German procrastination that aggravated the Greek crisis and caused the contagion that turned it into an existential crisis for Europe.