-
(单词翻译:双击或拖选)
Greek debts threaten the euro
Summary
12 February 2010
European leaders at a summit in Brussels have been discussing the Greek economy and have agreed to help the country with its financial crisis. The aim is to protect the economies of countries using the euro.
Reporter:
Report
This summit was supposed to be a chance for Europe's prime ministers and presidents to discuss ways to promote growth and jobs, but with the euro single currency facing its worst ever crisis, the original agenda has long since been scrapped2. Instead, all the focus will be on how to shore up Greece's precarious3 finances. Though the Greek economy is relatively4 small, its membership of the euro zone means its fate is wedded5 to that of the stronger currencies in the single currency.
For years Greek governments have spent more than they earned in taxes and borrowed to make up the shortfall. That public debt now threatens to engulf6 the economy. Greece's new socialist7 government has introduced some drastic austerity measures, such as a public sector8 pay freeze and fuel price increases to try to reduce the deficit9, but the prospect10 of a default has prompted huge falls on the Greek stock market. The uncertainty11 has spread to other big euro debtors12 like Spain and Portugal. It's this contagion13 that most worries euro zone leaders as it risks destroying confidence in the euro as a whole.
So what to do? By underwriting the Greeks' debts they hope to stop the financial turbulence14 spreading and protect themselves in the process. But such largesse15 is not without risk. If they do end up having to pay Greece's debts, the leaders meeting here know it will be both expensive and unpopular with the voters back home.
Jack Izzard, BBC News, Brussels
1 jack | |
n.插座,千斤顶,男人;v.抬起,提醒,扛举;n.(Jake)杰克 | |
参考例句: |
|
|
2 scrapped | |
废弃(scrap的过去式与过去分词); 打架 | |
参考例句: |
|
|
3 precarious | |
adj.不安定的,靠不住的;根据不足的 | |
参考例句: |
|
|
4 relatively | |
adv.比较...地,相对地 | |
参考例句: |
|
|
5 wedded | |
adj.正式结婚的;渴望…的,执著于…的v.嫁,娶,(与…)结婚( wed的过去式和过去分词 ) | |
参考例句: |
|
|
6 engulf | |
vt.吞没,吞食 | |
参考例句: |
|
|
7 socialist | |
n.社会主义者;adj.社会主义的 | |
参考例句: |
|
|
8 sector | |
n.部门,部分;防御地段,防区;扇形 | |
参考例句: |
|
|
9 deficit | |
n.亏空,亏损;赤字,逆差 | |
参考例句: |
|
|
10 prospect | |
n.前景,前途;景色,视野 | |
参考例句: |
|
|
11 uncertainty | |
n.易变,靠不住,不确知,不确定的事物 | |
参考例句: |
|
|
12 debtors | |
n.债务人,借方( debtor的名词复数 ) | |
参考例句: |
|
|
13 contagion | |
n.(通过接触的疾病)传染;蔓延 | |
参考例句: |
|
|
14 turbulence | |
n.喧嚣,狂暴,骚乱,湍流 | |
参考例句: |
|
|
15 largesse | |
n.慷慨援助,施舍 | |
参考例句: |
|
|