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74 Sentences With "unsustainability"

How to use unsustainability in a sentence? Find typical usage patterns (collocations)/phrases/context for "unsustainability" and check conjugation/comparative form for "unsustainability". Mastering all the usages of "unsustainability" from sentence examples published by news publications.

To Obamacare critics, this was proof of the program's unsustainability.
And now they're going to have to deal with that unsustainability.
SG: Well, nobody wants dirty air and dirty water and unsustainability.
The opposite of sustainability and long-term thinking is unsustainability and shortsightedness.
Critics, both internally and externally, have cited the fundamental unsustainability of its growth model.
Johnson called on Corbyn to reflect on the "unsustainability" of Labour's position in opposing an election.
The unsustainability of linear television has a happy ending for consumers and the entire TV ecosystem.
In this election year, we are frequently reminded of the unsustainability of the old way of providing healthcare.
"If the reform effort stalls, the perception of fiscal unsustainability will likely affect asset prices, jeopardizing the recovery in economic activity," they wrote.
Her criticisms, in both fiction and beyond it, often focused on social inequality, the unsustainability of capitalism and its deleterious effects on the environment.
Now, at the end of 2019,  it&aposs become clear that Son&aposs encouragement was one of the key factors to We&aposs unsustainability.
"We are using nature to fight on two fronts: Tackling both the food waste we create, and the unsustainability of the protein farming industry," explains Whitaker.
Economic growth is running at nearly 6 percent, but given the unsustainability of these deficits it is easy to predict Pakistan's growth is heading for a fall.
The first Trump budget proposal in 2017 called for a flurry of budget cuts and included some hard truths about the unsustainability of much of our entitlement spending.
When she meets a boy, her isolation from the world and the unsustainability of her life with her father comes into focus, and she starts to plot her escape.
Yet according to some popular narratives, the unrest that is currently engulfing the country is the result of rising inequality and persistent poverty, proving the unsustainability of the Chilean model.
The extra borrowing pushes Mozambique's foreign debt to $9.64 billion, according to the new tuna bond prospectus - a level now "very close to unsustainability," an IMF source told Reuters on Friday.
Without radical innovative change, business-as-usual with small advances to reduce unsustainability could put us on the path to a 6 degree Celsius or more increase in average global temperatures.
Instead, they seemed drawn to a sense of authenticity and kinship usually absent from an art fair model that has been criticized for unsustainability and increasing financial pressure on smaller galleries.
Yoga has been a mainstream form of exercise for years now, duly folded into the crazes of #wellness and #mindfulness, which attempt to combat the unsustainability of late capitalism with... more capitalism!
Studies have investigated the possibility that all alien life forms in oceans below a planet's surface and have posited that civilizations might be undone by their unsustainability before accomplishing any interstellar travel.
Any reporter who has covered Europe in the last decade has written a dozen articles or more about how one crisis or another has exposed the fundamental unsustainability of the European Union.
The failure of this administration to even acknowledge the threat posed by our spiraling debt — and especially the unsustainability of the spending required to meet entitlements obligations — has massive direct consequences, and even more dramatic unintended ones.
"You still, after doing all this, haven't addressed the fundamental problem that is the long-term fiscal unsustainability of our current policies," said G. William Hoagland, senior vice president of the Bipartisan Policy Center, a think tank.
Powell repeated concerns brought up in the past about the unsustainability of the current fiscal path in the U.S. Debt and deficits continue to pile up, with the national IOU over $21 trillion and the budget shortfall approaching $1 trillion a year.
Citing an ever-growing list of potentially catastrophic issues caused by the global animal agriculture industry's attempt to keep up with the ever-increasing demand for a protein-rich diet, FAIRR is waving a warning flag about the unsustainability of the entire feedback loop.
Monetary policymakers are viewed as having done much of the heavy lifting to keep the global economy afloat in recent years and ECB (European Central Bank) President Mario Draghi has been among the key voices highlighting the unsustainability of central banks maintaining such a burden.
If you don't happen to be one of the roughly one million vegans currently living in Germany, you're probably under the impression that "Veganz" must be a name for some underground crunk-hop group that raps about slabs of seitan and the sheer unsustainability of modern agribusiness.
If you don't happen to be one of the roughly one million vegans currently living in Germany, you're probably under the impression that "Veganz" must be a name for some underground crunk-hop group that raps about slabs of seitan and the sheer unsustainability of modern agribusiness.
Landgraf was drawing attention not just to the unsustainability of the current growth model in TV, but also to the way it has both allowed for new levels of quality and creativity, while simultaneously threatening to drown out some of the brightest voices amid the volume.
"We are again in problem of unsustainability of our debt, but it is a problem of payment agenda and coupon value that will not be so difficult to solve," said Pesce, who started the job last week after Argentina's new president, moderate Peronist Alberto Fernandez, was inaugurated.
Yet upon taking office, he tacked toward the center and more market-friendly policies, urged on by reformers within his party who counseled him that he had to begin retrofitting France to the realities of global competition and the long-term unsustainability of a generous social welfare system.
Asked about the Climate Action Summit during a media availability at the UN following Thunberg's speech, Trump immediately pivoted to reciting his false talking points about how clean the water and air in America is — as if clean air and water negates concerns people like Thunberg have about the unsustainability of global temperature increases.
Over the past year, however, as allegations of mismanagement and unsustainability have grown — Square went public for approximately half its last private valuation; Fidelity and other large mutual funds wrote down their positions in Dropbox, MongoDB, and Snapchat; and both Zenefits and Theranos were accused of deceptive practices — that confidence has come to look more like hubris.
The incident proves to be a watershed event for shapeshifter-kind, who have begun to dwindle amid the unsustainability and nihilism of their existence — and thus it is the half-­human, half-shapeshifter product of this rape who must find some way to negotiate a new path between the magical brutality of his father's kind and his mother's beautiful mundanity.
JOHANNESBURG, April 22 (Reuters) - Mozambique has given the International Monetary Fund (IMF) an "avalanche of documents" and come clean on as much as $1.35 billion of undeclared sovereign debt but is now "very close to unsustainability", a Fund source said on Friday, Much of the debt was issued to Mozambican state firms by Credit Suisse and Russia's VTB, although the Interior Ministry also had a $130-$200 million loan from an unidentitified bilateral lender, the source said.
Figure 3.3 starts by a situation where this environmental constraint is never binding but where unsustainability occurs because of unsufficient renewal of produced capital.
This massive destruction of the natural environment was a consequence of the colonial culture of extraction and unsustainability. As the gold rush subsided, many Portuguese colonists abandoned mining for farming and animal husbandry.
Martin's Press 1994; Blackburn Press 2000), Local Environmental Struggles: Citizen Activism in the Treadmill of Production (Cambridge University Press 1996), Urban Recycling and the Search for Sustainable Community Development (Princeton University Press 2000), and The Treadmill of Production: Injustice and Unsustainability in the Global Economy (Paradigm Publishers 2008). He retired from Northwestern in 2008.
As a result, significant reduction in meat consumption has been advocated by, among others, the Intergovernmental Panel on Climate Change in their 2019 special report and as part of the 2017 World Scientists' Warning to Humanity. Other than climate change, environmental concerns about the production of animal products may also relate to pollution, deforestation, unsustainability and the use of water and land.
In 1789 the village of Socorro was also segregated from Vélez and they were all put under the mandate of the Province of Tunja, a subdivision of the Viceroyalty of New Granada. On July 9, 1795 the corregimiento of Vélez – San Gil – Socorro was created due to the unsustainability of the Province of Tunja, and local government was established in the village of Socorro.
Instead, young eels are collected from the wild and then raised in various enclosures. In addition to wild eel populations being reduced by this process, eels are often farmed in open-net pens, which allow parasites, waste products, and diseases to flow directly back into wild eel habitat, further threatening wild populations. Freshwater eels are carnivores so are fed other wild-caught fish, adding another element of unsustainability to current eel- farming practices.
Eventually, the demand will be reduced until the economic profit is zero. A cost-benefit analysis shows that the company bears the cost of environmental protection without receiving the gains. Without economic incentive, the whole premise of self-interest through environmental protection is quashed; instead, ecotourism companies will minimize environment related expenses and maximize tourism demand. The tragedy of the commons offers another model for economic unsustainability from environmental protection, in ecotourism sites utilized by many companies.
As safety engineering manages the risks of unsafe conditions, transition engineering manages the risks of unsustainable conditions. To give engineers a better grasp of sustainability, transition engineering defines the problem as UN-sustainability. This is similar to the problem of un-safe conditions that is the purpose of safety engineering. We do not necessarily know what a perfectly safe system looks like, but we do know what unsafe systems look like and how to improve them; the same applies to unsustainability of systems.
Money as Debt is a 2006 animated documentary film by Canadian artist and filmmaker Paul Grignon about the monetary systems practised through modern banking. The film presents Grignon's view of the process of money creation by banks and its historical background, and warns of his belief in its subsequent unsustainability. Subsequent Money as Debt videos include Money as Debt II Promises Unleashed (2009); also titled Money as Debt II: Promises Unleashed, and Money as Debt III: Evolution Beyond Money (2011).
Six years later, CF&I;'s completion of a new coke plant and economic shifts made Redstone's mines unprofitable, and the town was nearly abandoned within days. Osgood shut down the estate and game preserves in 1913, leaving the few remaining residents to take care of them. The next year the bitter strike that culminated in the Ludlow massacre demonstrated the unsustainability of the paternalist philosophy that had motivated him to build Redstone. In the mid-1920s he returned to the Crystal Valley, terminally ill.
TSV Marl-Hüls is a German association football club from the town of Marl, North Rhine-Westphalia. In 1954 TSV took out the German amateur football championship and also made a losing appearance in the final of this competition in 1972. The club's most successful era was from 1960 to 1963 when it played in the tier one Oberliga West. In recent history the club's greatest success has been promotion to the tier five Oberliga Westfalen in 2015, only to be undone by financial unsustainability.
While in Congress, Donnelly served on the Committee on Public Works and Transportation and, beginning in 1985, on the Committee on Ways and Means. During his tenure in Congress, Donnelly authored, along with Congressman Bill Archer of Texas, legislation to repeal the Medicare Catastrophic Coverage Act of 1988 (Pub. L. 100-360) after the law became politically unsustainable. The law's political unsustainability reached its peak when the chairman of the committee that drafted the law was chased from his district office by angry senior citizens protesting it.
Faced with an unsustainable arrangement and dwindling finances, Derry the Irish League entirely in October 1972 due to the unsustainability of such an arrangement. 1985 saw Derry admitted into the Republic's league, the League of Ireland, and a much-welcomed return of senior football to the ground. Unusually, The Brandywell do not usually have a police presence inside it during Derry City games however the PSNI do have the ability to enter the stadium in an emergency.The PSNI rejects hooligan claims surrounding Brandywell, bbc.co.
Anson Chan said that Tsang had failed to understand the real concerns of citizens. "The fiasco highlights the unsustainability of a political appointment system that lacks a popular mandate." In an op-ed, Joseph Wong said Legislative Councillors shared the blame by having given the government "unfettered discretion" for the nomination process. He observed that when the proposed scheme was before Legco, councillors failed to ask the government to explain or clarify what specific criteria or guidelines the Appointments Committee and principal officials would use.
In June 2016 Abu Dhabi announced a project for an enhanced rainwater drainage system due to unnaturally occurring thunderstorms in March 2016 which caused 860 damages on properties and flooding. Also, the three main characteristics of United Arab Emirates' politics contribute to the recent natural unsustainability: First, the Emirates feature components of a Rentier state. It is governed by an authoritarian political system and finally, both facts cause critical natural resource-related trades. In particular, UAE as a rentier state means that the federalization gains external rent from foreign individuals, companies and governments.
93; Tully, "Trust, Mistrust and Distrust in Diverse Societies," in Trust and Distrust in Diverse Societies, ed. by Dimitrios Karmis, forthcoming; Tully, "Reconciliation Here on Earth," forthcoming (video of talk). draws on earth sciences and life sciences as well as indigenous traditions. For example, pointing to the work of ecological scientists from Aldo Leopold, Rachel Carson, and Barry Commoner to the Intergovernmental Panels on Climate Change, Tully links the unsustainability crisis of the Anthropocene to his own critique of "modern civil" modes of governmentality (as violent, exploitative, and destructive).
However, clearcutting has provided marmots with new open areas which constitute habitat. Unfortunately, rapid forest regeneration makes such man-made habitats unsuitable over a few years. One study concluded that clearcuts therefore act as a kind of population "sink" in which long-term reproduction and survival rates are reduced to the point of unsustainability One 2005 study concluded the main cause of recent decline to be predation "associated with forestry and altered predator abundance and hunting patterns". Major predators upon Vancouver Island marmots include golden eagles, cougars and wolves.
"Farafina Magazine" , Kachifo Limited. The magazine has been guest-edited by Olajide Bello, Okey Ndibe, Molara Wood, Toni Kan, Uzodinma Iweala, Petina Gappah, Chimamanda Ngozi Adichie and Laila Lalami. It has featured the works of Wole Soyinka, Segun Afolabi, Uche James Iroha, Funmi Iyanda, Dinaw Mengestu, Barbara Murray, Chimamanda Ngozi Adichie, Jackee Budesta Batanda, Helon Habila, Tosin Oshinowo, Patrice Nganang, Jide Alakija, and a plethora of other writers and graphical artists. When publication was suspended in September 2009, the foremost reason given was the "financial unsustainability of the magazine, exacerbated by the prevailing economic climate".
Although about 90% of freshwater eel consumed in the U.S. are farm-raised, they are not bred in captivity. Instead, young eels are collected from the wild and then raised in various enclosures. In addition to wild eel populations being reduced by this process, eels are often farmed in open net pens which allow parasites, waste products, and diseases to flow directly back into wild eel habitat, further threatening wild populations. Freshwater eels are carnivores and as such are fed other wild-caught fish, adding another element of unsustainability to current eel farming practices.
The modernists survived this debate with most of their policies intact, with only the monopoly on liquor abolished, although Sang was later executed in 80 BCE for treason. Reformists gradually gained more power through the rest of Former Han, due to the growing unsustainability of the Modernists' policies. They briefly succeeded in getting the central government monopolies on salt and iron abolished from 44 to 41 BCE, though this was unsuccessful and the monopolies resumed until the end of Wang Mang's (r. 9-23 CE) regime, which imposed ultra- modernist policies.
Early retirement has been used to induce workers to accept termination of employment before retirement age following the employer's diminished labour needs. Government support for the practice has come from the belief that this should lead to a reduction in unemployment. The unsustainability of this practice has now been recognised, and the trend in Europe is now towards postponement of the retirement age. In an editorial in The Economist a thought experiment is proposed in which old people leave the workforce in favour of young people, on whom they become dependent for their living through state benefits.
According to the National Statistical Service, Armenia's booming construction sector generated about 20 percent of Armenia's GDP during the first eight months of 2007."Armenian Growth Still In Double Digits", Armenia Liberty (RFE/RL), September 20, 2007. According to a World Bank official, 30 percent of Armenia's economy in 2009 came from the construction sector. However, during the January to September 2010 period, the sector experienced a 5.2 percent year-on-year decrease, which according to the Civilitas Foundation is an indication of the unsustainability of a sector based on an elite market, with few products for the median or low budgets.
Tony Fry is a design theorist and philosopher who writes on the relationship between design, unsustainability, and politics. Fry has taught design and cultural theory in Britain, the United States, Hong Kong and Australia and holds a PhD in Cultural Studies in Design from the University of Birmingham. Fry has held positions as Adjunct Professor to the Faculty of Design, Architecture and Building at the University of Technology Sydney and as a consultant on sustainable design to the School of the Art Institute of Chicago. He is former Professor and Convenor, Master of Design Futures Program, Griffith University, Queensland College of Art.
The Australian Conservation Foundation campaigns on a wide range of environmental issues, including climate change, environmental law, clean energy, nuclear energy, economics, drivers of unsustainability, water management, and Indigenous land rights. Campaigns and programs are selected predominantly for their capacity to contribute to reforms of national significance. This means that ACF tends not to become directly involved in local environmental issues, except where action on these contributes to achieving broader goals, such as highlighting examples of national problems or generating examples of solutions with larger potential. An example is the Stand up for Straddie campaign, which highlighted the effects of sand mining on Stradbroke Island.
Resistance Against Empire consists of interviews with J. W. Smith (on poverty), Kevin Bales (on slavery), Anuradha Mittal (on hunger), Juliet Schor ('globalization' and environmental degradation), Ramsey Clark (on US 'defense'), Stephen Schwartz (editor of The Nonproliferation Review, on nukes), Alfred McCoy (politics and heroin), Christian Parenti (the US prison system), Katherine Albrecht (on RFID), and Robert McChesney (on (freedom of) the media) conducted between 1999 and 2004. Endgame is about what he describes as the inherent unsustainability of civilization. In this book he asks: "Do you believe that this culture will undergo a voluntary transformation to a sane and sustainable way of living?" Nearly everyone he talks to says no.
Greece is today the EU member state "where journalism and the media face their most acute crisis". The crisis has laid bare the unsustainability of Greek media, and the dependence of media owners on state support in terms of tax breaks and public advertisement revenues, and reciprocating by publishing favourable stories, in a self-censorship mode. When public funds dried up, media went bankrupt, while the government resorted to more open tactics of media manipulation via coercion, censorship, and shutdowns. Lack of job security for journalists have driven them to self- censorship too, limiting themselves to stories understood to be acceptable to owners and politicians.
Between 1986 and 2008 Spain received Euro 21 billion in EU funding for water infrastructure. However, European funding to Spain is set to fall by 40% in the period to 2013, compared with 2000-2006.Global Water Intelligence:Spain faces call to double water tariffs, February 2010, quoting José Luis Gonzalez, ex-director of Spain's European Commission representation "Europe's generosity has contributed to the unsustainability of the Spanish water sector's economic model", says Enrique Cabrera of the Universidad Politécnica de Valencia.Global Water Intelligence:Spain faces call to double water tariffs, February 2010 Investments are also financed through loans and bonds, such as a $500 million bond issue by Canal Isabel II in 2015.
Celia and her cousin Caz are in love, but cannot pursue their affair since it is believed that, because of their parents' adultery, they are half-brother and half-sister. Celia's other cousin Tom is in love with her, Basil is love with Tom, Tom is estranged from his father, Celia's beloved Uncle Heber, who pines for a reconciliation; and Celia's best friend Tiny longs for the married Vera. These unhappy, futureless but intractable relationships are mirrored by the novel's political concerns. The unsustainability of the British Empire and the uncertainty over Britain's post-war role are constant themes, and many of the characters discuss their personal and political concerns as if they were seamlessly linked.
Extinction Rebellion targeted London Fashion Week (LFW) in September 2019 with a number of actions in order to raise awareness about the environmental damage caused by the fashion industry—"the United Nations has said it uses more energy than the aviation and shipping industry combined". XR held a die-in outside LFW's official venue on 13 September. On 15 September it targeted Victoria Beckham's show with a swarm and protestors holding placards. On 17 September, about 200 people held a funeral march from Trafalgar Square to a H&M; store and to an LFW venue on The Strand; and people gave speeches about the unsustainability of the fashion industry and fast fashion.
In order to obtained Italian support for Croatian independence, the memorandum effectively made any such Croatia 'little more than an Italian protectorate'. The memorandum also stated that the Party of Rights recognised the existing territorial settlements between Italy and Yugoslavia, thus giving up all Croatian claims to Istria, Rijeka, Zadar and the Adriatic islands which Italy had annexed after World War I. These areas contained between 300,000 and 400,000 Croats. Further, the memorandum also agreed to cede the Bay of Kotor and Dalmatian headlands of strategic importance to Italy, and agreed that a future Croatia would not establish a navy. As the most radical politician of the Croatian Bloc, Pavelić sought opportunities to internationalize the "Croatian question" and highlight Yugoslavia's unsustainability.
Rina worked with great commitment within the Ferrarese socialist leadership group, which needed a woman to organize the female component of the labor movement, and showed immediately that she had talent and charisma. She went directly to the Ferrara countryside to reach out to women workers and soon gained great popularity. Beginning in 1897, in the Ferrara countryside, an impressive wave of strikes had begun which lasted until 1902 and which, despite harsh repression, led tens of thousands of laborers and boars to abstain from work. The strikes highlighted the need to tackle the agrarian question, namely the seasonal chronic unemployment of the laborers and the unsustainability of the ancient relations between masters and settlers, which were gradually being replaced by new relations between wage laborers.
The SLRUS recommends early implementation of the ELL branch from Surrey Quays to Clapham Junction. It would serve the South London Line (SLL) stations of Wandsworth Road, Clapham High Street (both with increased frequency of 4tph), Denmark Hill, Peckham Rye and Queens Road Peckham; this would mitigate the effects of withdrawal of the SLL route from Victoria to London Bridge, which the RUS states is inevitable for a number of reasons, including its unsustainability into London Bridge during the latter's redevelopment (starting in 2012). ELLx2 would also provide access from Clapham Junction and the above SLL stations to destinations east of London Bridge on both sides of the river, potentially relieving pressure on London Bridge for significant numbers of passengers.
In Milestone Comics' fictional city of Dakota, the Blood Syndicate is a loose affiliation of super- powered individuals brought together by circumstance; 35 issues of their eponymous comic book, written largely by Ivan Velez, Jr., were published between 1993 and 1996. The Blood Syndicate differed from other supergroups in that they were (in Velez's words) "not a team - they're a gang". In fact, they were the surviving remnants of multiple street gangs (thus the name, a combination of "Paris Island Bloods" and "Force Syndicate"), who had gained superpowers in the so-called Big Bang, and decided to use them for a greater purpose. However, their constant in-fighting, the unsustainability of their methods, and their lack of a central vision (particularly after the death of their first leader) led to the Syndicate's eventual disintegration.
Powell approved of The Fiend becoming champion, but disliked everything else about the main event, describing it as "horror movie campiness" which was "getting worse the more its repeated". Tim Fiorvanti, Matt Wilansky and Marc Raimondi for ESPN wrote that The Fiend becoming champion overshadowed the "unsustainability" of his invincible character, Rollins being left "in no-man's land in terms of crowd reaction and momentum", and the main event having poor lighting and being too long. The 10-man match was "must-see" due to their team leaders Hogan and Flair, and was ultimately about "elevating Reigns, who has not had a significant storyline for months". Fury "didn't look terrible" in his match, but Strowman failed to gain a "mainstream rub" and "didn't come across as a monster" at all.
As Coin has noted before, abolishing free coinage for silver had reduced the amount of the money supply in the world by half. Because of the shrinking supply of money, the price of gold went up, and since every property was now measured in gold, property values dropped against the gold. Coin claimed that as the strongest nations in the world, such as Britain and United States, traded only in gold as of the 1890s, they compelled other nations to either drop their silver standards or trade their silver in their diminished rates. To demonstrate the unsustainability of the international gold standard, Coin measured up all the gold in the world. The value of all the gold in the world, as Coin cited the latest U.S. Mint estimates, was around $3.9 billion as of 1894.
The 2012 book, Toward Global (Environ)Mental Change - Transformative Art and Cultures of Sustainability, proposes that the global crisis of unsustainability is a disruption of the hardware of civilization, as well as a crisis of the software of the human mind. The 2004 book, Ecological aesthetics: art in environmental design: theory and practice, presents an analysis of a variety of tendencies and approaches to landscape architecture, science and theory that inform research and the transformation of the landscape for over thirty years. Green Arts Web, compiled by Carnegie Mellon University senior librarian, Mo Dawley, is a compendium of core readings on contemporary environmental art, ecological art and theory (20th century to the present) that includes, among other sub- categories, for example, deep ecology practices; ecofeminism; ecopsychology; land ethic and bioregionalism; sense of place; and systems thinking.
For many years, alongside scientific research, he has carried out an intense dissemination activity, also on the relationship between science and society and between science and peace, with particular reference to energy and resource issues. He is convinced that scientists have a great responsibility that derives from their knowledge and therefore it is their duty to actively contribute to solving the problems of humanity, particularly those connected to the current energy- climate crisis. Every year he holds dozens of seminars in primary or secondary schools and public conferences to illustrate to students and citizens the problems created by the use of fossil fuels: climate change, ecological unsustainability and the social unease deriving from growing inequalities. He believes that three transitions are necessary: from fossil fuels to renewable energies, from the linear economy to the circular economy and from consumerism to sobriety.
By December 2008, Spain would become the country with the highest job destruction rate in the world, with unemployment nearing 3 million. In October 2008, the government announced a €100 billion guarantee for bank debts and the creation of a €30 billion worth fund—extendable to €50 billion—to purchase 'healthy' assets from banks and savings banks "to ensure the Spanish market liquidity". From November 2008 to January 2009, the government proposed a €50 billion stimulus plan—with €8 billion destined to public investment in municipalities—expected to create 300,000 jobs throughout 2009, which was later criticised for its spending unsustainability and for creating "unproductive" jobs. In Q4 2008 the Spanish economy officially went into recession after a GDP fall of 1.1%—having already fallen by 0.3% on Q3 2008—putting an end to 15 years of uninterrupted economic growth. On 28 March 2009, the Spanish government launched a €9 billion bailout to rescue Caja Castilla La Mancha, the first Spanish savings bank to be intervened during the crisis, to be followed by CajaSur in 2010, the nationalization of CAM, Unnim, CatalunyaCaixa and Novagalicia Banco in 2011 and the intervention and nationalization of Banco de Valencia in 2011–12.

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