The failing of financial firms in 2008 caused systemic risk to the larger economy.
The war had caused great damage to infrastructure and the economy.
The damage the crisis has caused to the economy was also on his mind.
In such a situation, causing damage to the economy of the enemy directly damages the enemy's ability to fight the war.
"It is not our plan to allow this crisis to skyrocket oil prices and to cause serious damage to the international economy," the President said.
The damage thus caused to the German economy is huge and cannot be assessed in figures.
He must be careful not to cause lasting damage to the economy in a vain effort to save his own skin.
How great is the damage which has already been caused to the European economy?
The disruption caused to the local economy was significant.
Gone is the risk that tax changes and an erosion of confidence could cause severe damage to the British economy.