Europe to cooperate with China for financial stability

 　　BEIJING, Feb. 15 (Xinhua) -- European Council President Herman Van Rompuy said Wednesday that the European side will consult and cooperate with China in a concrete way to ensure the financial stability of the eurozone.

　　Together with European Commission President Jose Manuel Barroso, Van Rompuy delivered a speech and attended an opening ceremony for the "Currency for Europe" exhibition, which was held at the Beijing-based University of International Business and Economics.

　　Throughout the eurozone debt crisis, "we have appreciated the constructive¹ Chinese reaction to the challenges we face," Van Rompuy said.

　　Europe and China share a wish to live in a multi-polar world, Van Rompuy said, stating that Europe highly values China's confidence.

　　Barroso, who also spoke² at the event, quoted the Confucian saying "within the four seas, all men are brothers" to describe Europe's economic position in relation to other economies.

　　Barroso said the economies of the EU and China have become more closely linked in recent years, confirming the need for common analysis and joint³ actions by both sides to deal with fundamental challenges.

　　"We need to work ever more closely together on a wide range of issues to make change happen for the better, and for the well-being⁴ of our citizens and future generations," Barroso said.

　　"China is now a global force and so it is especially welcome," Barroso said. Increased Chinese consumption, like increased economic discipline and convergence in Europe, will be important for delivering sustainable global growth, he said.

　　Eurozone economies and financial institutions have become closely interdependent with the arrival of the public debt crises, Van Rompuy said.

　　"That is why national leaders within the European Council have had to deal with this crisis together," Van Rompuy said.

　　Some European government have taken drastic measures, including budget cuts and economic reforms, to negate⁵ the effects of the eurozone debt crisis. A so-called "firewall" rescue fund currently amounts to at least 500 billion euros.

　　"We have also strengthened central surveillance and enforcement mechanisms⁶ for public debts and deficits⁷ to prevent future trouble," Rompuy said.

　　People's Bank of China (PBOC) Governor Zhou Xiaochuan also attended the speech and opening ceremony.

1 constructive   

adj.建设的，建设性的

参考例句：

• We welcome constructive criticism.我们乐意接受有建设性的批评。
• He is beginning to deal with his anger in a constructive way.他开始用建设性的方法处理自己的怒气。

2 spoke   

n.（车轮的）辐条；轮辐；破坏某人的计划；阻挠某人的行动 v.讲，谈（speak的过去式）；说；演说；从某种观点来说

参考例句：

• They sourced the spoke nuts from our company.他们的轮辐螺帽是从我们公司获得的。
• The spokes of a wheel are the bars that connect the outer ring to the centre.辐条是轮子上连接外圈与中心的条棒。

3 joint   

adj.联合的，共同的；n.关节，接合处；v.连接，贴合

参考例句：

• I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。
• We wrote a letter in joint names.我们联名写了封信。

4 well-being   

n.安康，安乐，幸福

参考例句：

• He always has the well-being of the masses at heart.他总是把群众的疾苦挂在心上。
• My concern for their well-being was misunderstood as interference.我关心他们的幸福，却被误解为多管闲事。

5 negate   

vt.否定，否认；取消，使无效

参考例句：

• Our actions often negate our principles.我们的行为时常与我们所信奉的原则背道而弛。
• Mass advertising could negate the classical theory of supply and demand.大宗广告可以否定古典经济学的供求理论。

6 mechanisms   

n.机械( mechanism的名词复数 )；机械装置；[生物学] 机制；机械作用

参考例句：

• The research will provide direct insight into molecular mechanisms. 这项研究将使人能够直接地了解分子的机理。 来自《简明英汉词典》
• He explained how the two mechanisms worked. 他解释这两台机械装置是如何工作的。 来自《简明英汉词典》

7 deficits   

n.不足额( deficit的名词复数 )；赤字；亏空；亏损

参考例句：

• The Ministry of Finance consistently overestimated its budget deficits. 财政部一贯高估预算赤字。 来自《简明英汉词典》
• Many of the world's farmers are also incurring economic deficits. 世界上许多农民还在遭受经济上的亏损。 来自辞典例句