Crisis Management Plan Guidelines

Crisis Management Plan Guidelines Frances Roulet Introduction The ability of dealing with unexpected and sudden events that disturbs communities and changes in organization culture is known as crisis management. In recent years we have been able to palpate transboundary crisis, that have affected stakeholders in multiple forms. For example, the 2011 tsunami of Japan, which interrupted supply chain all over the world, especially in the automotive industry (Crandall, Parnell Spillan, 2010). This art of dealing with crisis requires skills and knowledge to organize stakeholders’ recovery. Crisis management prepares the person to develop skills in an unexpected and adverse circumstances within the organization of an emergency response with courage and determination. The coordination of the emergency responses to a broader incident that threatens to harm and destroy structures, ability to operate effectively and efficiently. The continuum evaluation of the planning and automatic incident response becomes a major part of the process in a crisis management plan. Organizational resources available in a crisis in Dominican Republic. According to Crandall, Parnell Spillan (2014) there are countries and cultures that are known as â€Å"crises-prepared†, because they have been able to train and support any crisis planning to overcome their weakness. The Dominican Republic is not the exception, when a crisis arises the community and Dominican Civil Defense are the first to respond to the emergency, as first responders. Nevertheless, not everyone is prepared to assist another person or assume a role of leadership in the process of an emergency crisis. The national emergency and communication system, known as the Center for Emergencies Operation, [COE], in its role of the leading agency nationwide in a crisis, and responding organization has been able to develop competence and abilities to assist potential crises and manage the ones that eventually occur. The Center for Emergencies Operation, [COE], is entitled to develop, review, implement and train personnel, volunteers and the community in reference to the national plan and management for emergencies nationwide. The Dominican Civil Defense, are the first responder to the scene of a natural disaster or crisis. This is one of the emergency groups, at least, most known in the country as trained first responders to any type of emergency. The Dominican Civil Defense began their community services as a group of volunteers to the community by providing communication services as radio amateur by 1963. Their first official support to the community was with Hurricane Flora, where they proved how they were effective in providing communication nationwide under an emergency disaster as a hurricane. The Dominican Red Cross allowed them to station their central communication within their center. By, 1966, the Dominican government enacted the Law 257, which created the Dominican Civil Defense as an official organism to assist emergencies. Therefore, becoming an official state institution under the umbrella of the Center of Emergencies Operation, COE. In September 22, 2002, the government enacted the Law 147-02 by which the risk management, became the official emergency governmental Agency in charge of developing the national emergency and communication plan along with its regulations. As general principles they abide by to protect, coordinate, participate, teach prevention and decentralize services. Their primary goal is to prevent or reduce loss of lives and minimize property damages of civilians and government from natural disasters or manmade disasters. The Dominican Civil Defense, is one the organisms under the umbrella of COE, as well as the Dominican Red Cross, Energy Conservation Department, Fire Department, Police Department, Dominican Port Authority, Health Department, Environment and Natural Resources Department, Dominican Seismological Institute, National Housing Department, among others, have been recognized as an emergency crisis team of technicians and professionals local, national and internationally for its work team on behalf of those in need and the community. In the case of the Dominican Civil Defense, their manpower is composed of 95% of constant trained volunteers, an executive director, an officer corps, and departmental managers who, according to their academic preparation begin working for the community and the benefit of the country. According to Treurniet, Van Buul-Besseling Wolbers (2012) the community may be defined as a group of people living in the same area and having a particular characteristics in common of being a human being. And as such, they will belong to different groups and communities, sharing their understanding of a true active community work, towards each other. By 2014, the Dominican Republic implemented for the first time in its history the services of 911. As one of the new emergency resource services center, its authorities in charge felt the need to educate massively the population about the use and benefits of 911. The communication strategy was massively used (television and radio) during the following two months prior to the activation of the 911 system nationwide. Pearson Mitroff (1993) expressed that there is a need of collaborating with the community, because it provides a sense of being part active within the community. Furthermore, they explained that the community can share their expectations, assessing their needs and goals of those who are needing assistance. In times of crisis, the knowledge of collaborating formally or informally with organizations in reaching one goal of helping out another person becomes a resilient behavior (James Gilliland, 2013). In the Dominican Republic, Center for Emergency and Communication Operations, [COE] would be similar in its function to what FEMA is in the United States. The Dominican Civil Defense is allocated under the umbrella of the COE. This Center would be part integral of the Crisis Management Team, CMT and the Crisis Management Plan, CMP. COE coordinates constant trainings with national and international agencies who are also dealing with emergencies and crisis in order to exchange experiences and train with new techniques. Today, the Dominican Civil Defense has become one of the institutions of the Government that has one of the best communication networks in the country after the Armed Forces. They have a communication system in the UHF band or ultra-high frequency recently installed, and a fleet system is national in scope, in addition to conventional phones. Currently, the Dominican Civil Defense has a radio station, which is the soul of the institution in crisis and emergencies that operate 24 hours a day and the 365 days of the year (Dominican Civil Defense, 2014). Crisis Theories. Theories make several assumptions in order to provide an explanation of a given situation. Several authors, such as James Gilliland (2013) explains that the Eclectic Crisis Intervention Theory entails an intentional and systematic selectively integrated valid concepts and strategies to help the victims from different approaches. This particular theory begins working as a task-oriented theory, instead of using concepts. Several major tasks identified in this theory are: Identify elements in all systems and to integrate them into an internally consistent whole providing a more accurate behavioral data to be explained. Consider all existent theories, methods, and standards for evaluating and manipulating clinical data according to the advanced knowledge of time and place. The need to identify with no specific theory, with an open mind and continuously experiment with those formulations and strategies that produce successful results. This particular theory integrates two pervasive themes. The first of those theme is that people and all crises are unique and distinctive, therefore can apply to anyone and any type of culture. Secondly, all people and all crises are similar. Hence, James Gilliland (2013) understands that these assumptions are seen as mutually exclusive. The eclectic approach, according to James Gilliland (2013) provide an opportunity to a number of approaches and theories, subsequently, it allows the opportunity of being able to assess the victim’s needs in order to apply and plan the appropriate techniques tailored to the person. The therapist, on the other hand, will be taking risks and will have the willingness to switch an approach to another technique even if the first had function. However, the Interpersonal theory in essence explains that people can not sustain a personal state of a crisis for very long, if they really believe in themselves and in others. Having confidence, the person will become self-actualized and overcome the crisis (James Gilliland, 2013). Crandall, Parnell Spillan (2014) explained that the fundamental goal of the crisis management team, CMT is to plan ahead for potential crises and manage those crises that eventually occur. Therefore, it will be looked upon in three aspects, crisis-response organizations and review their relationship between organizations. Ethical and legal challenges. Crandall, Parnell Spillan (2014) provided an understanding of the importance of ethical and legal responsibilities and challenges when dealing with organizations and their cultural barriers. The ethical culture of the organizations most of time is being blemished because of the unethical behavior performed by its employees, and regardless of their written code of ethics. For example, unrealistic goals of organizations, may lead employees to unrealistic decision making. Therefore, employees may feel, that they should incur in unethical behavior to obtain the goal by undermining organizational procedures (Crandall, Parnell Spillan, 2014). On the other hand, ethical standards are not considered to have legal weight only, according to James Gilliland (2013); even though these standards issues are focused more on guiding codes of conducts to the profession. Violation of these codes can and will lead any professional to be censure or may lose their license mandated by the profession’s ethics board. According to Reyes Jacobs (2006) explained that the process helps to ease and overcome multicultural barriers and challenges, such as, language, beliefs, logistics, and sustainability. Furthermore, it may reduce accusations of cultural insensitivity. An example of this may be consider when an organization does not belief in significant religious holidays, and their employees must present themselves to work, against their beliefs and the organization. Organizations must develop standard ethical conduct guidelines, which must implement ethics trainings in order to highlight ethical issues and how they may react to the crisis (Crandall, Parnell Spillan, 2014). Moral principles may have a vast and varied perception, organizations as well as first responders must be set aside their beliefs in order to reach and assist the crisis. Thus, encouraging coping behaviors consistent with the persons beliefs, and customs help ethics minorities understand the management and healing process (Reyes Jacobs, 2006). Throughout the process of crisis management and the first responders, becomes imperative to comprehend what their role is in this process in order to provide the appropriate social support to the organization and its personnel in need. In practice, according to Crandall, Parnell Spillan (2014) there are several suggestions or principles that may better ethical culture codes that can improve drastically the counselor performance when there are multicultural challenges or barriers when managing and responding to crises. One of these suggestions may avoid, when an unethical behavior is discovered. In this case, the organization must respond immediately to correct the situation and discipline the person responsible for the behavior incur against the ethical guidelines codes. Another suggestion to overcome behaviors that violate ethical, legal and multicultural challenges or barriers, is hiring a chief, officer or director of ethics. This person responsibilities as an officer, chief or director which would serve in top management or board of directors, who also will report to the maximum level of the organization whether this is a public or private one. This position will promote the ethical standards of the organization as well as its culture; ensuring the employees behavior along addressing their concerns and needs. In a similar situation, Crandall, Parnell Spillan (2014) suggested that managers, director or presidents should require to have realistic goals. These goals are well conceived, otherwise, unrealistic goals encourages unethical decision and therefore behavior among employees. Along this suggestion, top management or executive directors, may provide a hotline number and/or email in which employees have a person or department within their organization that they can trust and to whom they can report unethical behaviors or ethical violations maintain its confidentiality. This specific suggestion may help employees to report any type of unethical conduct that they or another employee may be facing. Finally, ethical issues arisen within organizations because of weak ethical norms or non-existent codes. The landscape survey of organizations and industries must identify and uncover ethical weaknesses which are feebleness points within the system. As a result, the organizations and industries need to promote ideas within to build an improved ethical atmosphere. Ultimately, the organizations and industries in their learning stages may promote improving the ethical performance throughout the experiences of specific crisis events. Description of a model to train counselors for a crisis. In November, 2014, Dominican Republic, felt for the first time a terrorist bomb attack in the capital city trolley. As it was expected reactions of confusion among the civilians was observed, but, security and police were also confused and terrified. This event could not be happening in this paradise island. There were two victims one female that her burns were moderate and was send home, and the other male victim, was sprayed with some type accelerant and he was severely burned, and did not make it. Police Department took over a day to determine what type of attack was it, until they established without no doubts that it was a terrorist bomb. The Police Department only communicated to the responsible person to give up himself because he was caught in the security camera; or else to abstain himself of what would happened if they go out in his search. Two days after the person responsible for the death of the civilian decided to give himself up and was immediately legally processed an d sentenced. He never gave a really reason of why he did the act. He received a sentence of 30 years in jail, without the possibility of parole. According to White, Mazerolle, Porter Chalk (2014) explained that comprehending the effectiveness of counter-terrorism efforts requires a conceptual framework for its intervention. The Australian National Counter-Terrorism Plan (NCTP) indicated that the framework establishes four categories of interventions: Legislative and Administrative, Prevention and Preparedness, Response and Recovery. All of these four categories use a theoretical different mechanism to have a reaction in pattern of terrorist activity. Today, definitively, the Dominican Republic need to train their first responders and therapist in case of another terrorist attack before the second leaves a worst outcome. Prevention and preparedness is a key in saving more lives, including those who arrive first to respond the attack. The crisis management plan should be evaluate at least twice a year adjusting to the possible changes in the environment and the level of knowledge of those directly involved in assisting the victims and the civilians that also need to be trained as they train anyone in case there is a fire. Who should they called? What should they do? Should they run, remain calm, or hide? Training becomes a major issue in the process of preparedness to survive. Authorities should be able to prepare civilians. Reference American Red Cross (2014). Retrieved on December 24, 2014, from http://www.redcross.org/find-your-local-chapter. Bà ¡ez, A. Valverde-Podestà ¡, A. (2001). Overview of the Dominican Red Cross Emergency and Relief Operations: Following Hurricane Georges. The Internet Journal of Rescue and Disaster Medicine, 3(1). Crandall, W., Parnell, J. A. Spillan, J. E. (2010). Crisis management: Leading in the new strategy landscape. (Second Edition). Thousand Oaks, CA: SAGE Publications, Inc. Center for Disease Control and Prevention, [CDC]. (2014). Center for Disease Control and Prevention. CDC 24/7 Savings Lives, Protecting People. Retrieved from http://www.cdc.gov/chikungunya/ Dominican Civil Defense. (2014). Retrieved from: http://www.defensacivil.gov.do/ Dominican Red Cross (2014). Retrieved on December 24, 2014, from http://www.caribbeanredcross.org/index.php/national-societies/dominican-republic Emergency Operation Center, (COE). (2014). Retrieved from: http://www.coe.gob.do/index.php?option=com_contentview=sectionlayout=blogid=2Itemid=42 James, R. K. Gilliland, B. E. (2013). Crisis intervention strategies (7th Edition). Belmont, CA: Brooks/Cole, Cenegage Learning. Kozlowski, C. (2010). Crisis Management. 110(1): 1-2. London, UK. http://www.catlin.com Pearson, C. M. Mitroff, I.I. (1993). From crisis prone to crisis prepared: A framework for crisis management. Academy Manage Perspective, 7(1): 48-59. doi: 10.5465/AME.1993.9409142058 Reyes, G. Jacobs, G. (2006). Handbook of international disaster psychology. Volume 2. Connecticut, USA: Praeger Publishers. Treurniet, W., Van Buul-Besseling, K. Wolbers, J. (2012). Collaboration awareness a necessity in crisis response coordination. Proceedings of the 9th International ISCRAM Conference. Vancouver, Canada. http://www.iscramlive.org/ISCRAM2012/proceedings/248.pdf White, G., Mazerolle, L., Porter, M. D. Chalk, P. (2014). Modelling the effectiveness of counter-terrorism interventions. Australian Institute of Criminology. Trends issues in crime and criminal justice. 475.

Hanna vs Joe contrasting roles in Agelsin America :: essays papers

Hanna vs Joe contrasting roles in Agelsin America In Tony Kushners to part play, Angels in America, readers are introduced to a closeted gay man, Joe Pitt and are exposed to his relationship with his Mormon mother, Hannah. An underlying conflict occurs when Hannah finds out her son is a homosexual; a problem which forces her to question her love and acceptance towards her son and her strong Mormon anti gay sentiments and beliefs. This conflict between mother and son helps Kushner illustrate the complexity of sexuality and the changing views of homosexuality. The conflict between Joe and Hannah initially arises when Joe tells is mom for the first time that he is gay. Joe's mother is Mormon and Joe himself is born and raised Mormon. The religious prohibits homosexuality and this, Hannah is in shock when Joe tells her what is going on. It is even more shocking due to the fact that Joe is presumably happily married to Harper, also a Mormon. During This discussion with his mother, Joe tries to point the finger at his father who Joe claims didn't love him enough and might have "caused" his homosexuality. Hannah can not seem to deal with the situation and delves into extreme denial. She hangs up the phone thinking the conversation came from Joe just being drunk. Hannah's Mormon background embedded in her strict beliefs about traditional love and marriages and the idea that being gay is unnatural and devilish. This background doesn't allow her to accept Joe's sexuality. It is in this upheaval that Hannah moves from Salt Lake City to New York in hopes to save her son and his dying marriage. Her arrival, However only makes the situation worse. She carries out responsibility as a mother-in-law and takes care of the abandonment and valium-dependant Harper and manages at the same time to dive Joe completely out of the picture. By the second part of the play, Hannah is working at a Mormons visitor center in New York and simultaneously taking care of Harper. Joe meanwhile is beginning his first relationship with a man, Louis. Both Joe and Hannah are opening up; Joe living out his homosexual tendencies and Hannah being exposed to absurd circumstances such as the meeting of prior. Prior in many ways becomes Hannah's first real recognition of homosexuality. Prior, who is surviving with A. I. D. S visits the Mormon center, where he falls severely ill and ends up being saved by Hannah.

The Hippies: A Rebellion against the Vietnam War

The Origin and Label By the mid-sixties, the beats, follies, surfers, and psychedelics reached their peaks. This, together with the baby-boomers' coming-of-age, set the perfect basis for the hippie counterculture to start. The Beats contributed a detachment of mainstream society; the Follies gave them a vision of simple, pre-longitudinal, rural life; the Surfers donated zestful hedonism, and a respectful link with nature; the Psychedelics brought mind-expansion, and said that LSI could be used as a escapism from the dreariness of modern life. Grew up against a backdrop of compulsory military service-?at least in the LLC.S. , where the movement had its roots. Culture and Festivals They believed in open use of marijuana, which could also be linked to their ideal of â€Å"back to nature†. Other things that went with this are, letting their hair grow, not bathing, some of them even walked around naked. *use of patchouli oil they dressed In natural fabrics like cotton and linen. *1 967 â€Å"summer of love† Woodstock Festival – the 1 969 Woodstock Free Festival of Music and Arts Is the biggest, one-of-Its-kind festival of all times, with a crowd of about half a million people.There's a movie and two albums trying to recreate the mood of Jim Hendrix, Janis Joplin, The Who, and others performing in the same event. By the end, this festival turned out to be bigger than the music – it became a symbol for everything connected with hippies, the flower children, and the â€Å"love generation. † Also, most hippies developed on the craft of tie-dying. Fashion and Influences Although it was a political and moral movement rejecting Western materialism and the money-grabbing â€Å"rat-race†, the hippies set the tone for most of the fashion In the late ass.They went with the attitude of â€Å"anything goes† , mixing up elements of ethnic and psychedelic Influences. Male dressing was becoming more and more feminine with loose, floun ce, printed pants, neck scarves, and beaded belts. They wore Tolling roe Ana long loose anal – changeling society's Ideas AT masculinity muff can't tell the boys from the girls† was the outraged response to this dressing style. Jim Hendrix was one of the main fashion icons of this culture in the ass, with his exotic, colorful shirts, waistcoats, and wide-brimmed hats.He also wore lots of jewelry, which inspired a lot of designers to start a men's Jewelry collection, which were to be worn over loose shirts and wide-bottomed velvet trousers. In complete contrast to the â€Å"space age† look with geometric patterns and clean lines, the Hippies decorated everything, including painting their body. The past views of psychedelic, ethnic, and romantic all came together, and the hippie-woman would not wear a teasing mint-skirt, but a full-length flow skirt, with love beads and bells.Everyone started to grow their hair long. By 1969, even the well-groomed model Twiggy want ed her hair to her waist. Even the Paris designers got into this new mood with great enthusiasm. The hippies' cheap flamboyant clothes were transformed into expensive designer wear, as the ready-to-wear collections of 1967 was filled with Oriental touches, striped decal bas, harem dresses, tent dresses, rajah coats and Nehru Jacket, in fine wools and silk.Most designers began to follow the hippie ideal of â€Å"doing your own thing†, and Vogue reported that â€Å"the length of your skirt is how you feel this moment. The last collection of the ass were filled with micro skirts, maxis, and the compromised midis. Anti-fashion had triumphed in a round-about and trickle-up way, became the biggest fashion, and nothing would be quite the same ever again! Conclusion The original hippies living in San Francisco would have never imagined that their crazy way of dressing would have become a high-fashion trend by the end of the decade.Theirs was an anti-style that rejected the Western w ork ethic, along with the conformist clothing it encouraged. The Hippies had shocked and intrigued with their communal lifestyle, belief in free love, and experiments with drugs. Some thought they were â€Å"strange beings† in sandals and kaftans, handing out flowers as symbols of love and peace. Others talked of â€Å"alternative society' and their establishment of self-supporting rural communities of like-minded people.

Ammonia Production Social Relevance Report essays

Ammonia Production Social Relevance Report essays Ammonia is a colourless alkaline gas with the formula NH3 and is made up of one part nitrogen and three parts hydrogen. It is lighter than air and has a sharp, stinging odour. Ammonia can be inhaled safely if it is greatly diluted in air, but concentrated ammonia gas can cause suffocation and death. Ammonia does not burn is air, but it burns in oxygen with a weak yellow flame. Properties: - Ammonia gas is extremely soluble in water, as it is able to form hydrogen bonds with polar water molecules. It changes to a liquid at  ¡V33.35 oC. Liquid ammonia boils at the same temperature. It freezes to a clear solid at 77.7 oC. In going from a liquid back to a gas, ammonia absorbs a large amount of heat from its surroundings. Upon evaporation, one gram of ammonia absorbs 327 calories of heat. For this reason, ammonia is widely used in refrigeration equipment. Liquid ammonia is used in the chemical laboratory as a solvent. It is a better solvent for ionic and polar compounds than ethanol, but not as good as water; it is a better solvent for nonpolar covalent compounds that water, but not as good as ethanol. It dissolves alkali metals and barium, calcium and strontium by forming an unstable blue solution containing the metal ion and free electrons that slowly decomposes, releasing hydrogen and forming the metal amide. Compared to water, liquid ammonia is less likely to release protons (H+ ions), but is more likely to take up protons to form NH4+ ions and is a strong reducing agent. Ammonia takes part in many chemical reactions. It reacts with strong acids to form stable ammonium salts, with hydrogen chloride it forms ammonium chloride, with nitric acid to form ammonium nitrate and with sulfuric acid to form ammonium sulfate. Ammonia reacts with certain metal ions to form complex ions called ammines. It also takes part in oxidation and reduction reactions. It burns in oxygen to form n ...

O Captain, My Captain!

O Captain, My Captain! O Captain, My Captain! O Captain, My Captain! By Maeve Maddox Reader Cathy poses this question: Is the proper use of helm at the helm or under the helm? She gives this example of the use of the latter: The tennis team, under the helm of second-year head coach John Doe, advanced to the championship round. What we have here is the decomposition of a dead metaphor. The word helm has more than one meaning in English, but in the context of leadership it derives from a metaphorical use of this definition: helm: the handle or tiller, in large ships the wheel, by which the rudder is managed. The mariner guiding the ship stands at the helm. Metaphorically, anyone in charge of an endeavor is at the helm. The word can also be used as a verb: Early talkies were helmed by producers who had learned their trade with silent films. A new coach takes the helm. If the team he has been hired to lead is under the helm, the players must be lying about on the deck. However†¦ A search of under the helm brought two million Google hits. Clearly a lot of writers are using the expression. To answer the readers question, at the helm is the proper version, but the wide use of under the helm may signal a new incarnation of a dead metaphor. Helm may be taking on the new definition of leadership. Want to improve your English in five minutes a day? Get a subscription and start receiving our writing tips and exercises daily! Keep learning! Browse the Expressions category, check our popular posts, or choose a related post below:50 Rhetorical Devices for Rational Writing50 Idioms About Roads and PathsGlimpse and Glance: Same or Different?

Three Arms of Authority Controlling the Public Education Systems Case Study

Three Arms of Authority Controlling the Public Education Systems - Case Study Example NCLB is a foundation project that serves as a federal intervention within the various states in America (Kowalski, 2004, P1, L6). This paper provides insight into the operation structure of the NCLB with a specific case study of individual Superintendents within various public education systems. Â  The case study involved between Dr. Stacy and Billy Pratt yielded various responses with effect to the introduction and implementation of the NCLB act. Dr. Stacy Barstow is instrumental in enforcing instructional improvement and engaging staff development. This is a positive approach as stated in the NCLB act where an education superintendent is significant curriculum personnel. Dr. Stacy also engaged positive approaches by supporting the NCLB objectives through positive remarks during a meeting with school heads. According to the case study, Superintendent Billy Pratt refutes the NCLB act, claiming that the law appeared inconsistent and incompetent (Kowalski, 2004, P3, L9). His arguments draw justification from the provided programs of the special education and other bilingual students. His arguments also criticized ignorance by the federal government on matters of local control. Billy Pratt’s justification may serve as an indicator to demand government careful involvemen t in future acts and educational policies. Â  Superintendent Dr. Stacy’s decision to avoid negative remarks towards the NCLB act shows an unrealistic approach to sensitive educational matters. As such, the move triggered differences among other secondary principals and elementary principals. The decision by Dr. Stacy also signifies an unreliable personality trait that would question individual leadership attributes. Billy Pratt decision to publicly criticize NCLB policies shows disrespect to a given law (Kowalski, 2004, P3, L10).

International Financial Markets Essay Example | Topics and Well Written Essays - 2000 words - 5

International Financial Markets - Essay Example Furthermore some countries have ended up losing their investment status of grade. This incident has placed the international investors in alert. Even before the downgrading of the first country into a grade of non-investment, the stock market was down, and some countries even become close to lose their access to capital market. As a result of this the European politicians directed their blame to the crediting rating agency of making thee debt crisis worse. Since 2011, the agency of rating has to regularly register with the European Security and Markets Authority (ESMA) which is also mandated with the further preparation of the legal action (Moloney, 2011). This regulation shows that the rating of credits have some control on the capital market. Some of the money market issue that was affected by the crisis that is to be discussed in this paper includes the macro-financial risk, intra-euro area financial flow, and collateral availability. In most of the countries in euro the deposits owned by the domestic banks were stable between 2010 and 2011. However the domestic banks in Ireland and Greece heavily fell. Ireland and Greece were not in a position to replace the deposits that were lost with other market borrowing or wholesale and the gap that existed by borrowing from their central banks (Whittaker, 2011). The relocation of the market money into the central bank balance sheet caused an inter-central bank debt that was very high within the system of the euro. Inter-commercial bank lending is a means of transferring money from area which have surplus to areas deficit areas (Friedman & Schwartz, 1970). For example if funds is withdrawn from the Greece bank and placed in the bank of Germany, this withdrawal will leave the Greece bank with deficit of money while the Germany bank will be in surplus of money. In the market condition that is normal, the