-
(单词翻译:双击或拖选)
Tensions caused by the Greek debt crisis appear to be easing following assurances Thursday by European officials that an agreement on aid for Greece will be reached in a matter of days. Global markets have been in turmoil1 as the debt crisis threatened to spread to other countries. But consensus2 that the relief package will be larger than originally expected is helping3 to shore up confidence in the euro, which has fallen precipitously in recent days.
In a move aimed at reassuring4 financial markets, European officials announced that Greece is unlikely to default on its loans, following progress on a bailout plan.
EU Monetary5 Affairs Commissioner6 Olli Rehn said negotiations7 include demands that Greece to reduce its massive debt.
"I want to underline that this exercise has been done not only for Greece, but for every euro member state and their citizens to safeguard the financial stability in Europe and globally," said Olli Rehn.
Prospects8 of an imminent9 deal fueled a sharp rebound10 on the Athens Stock Exchange and helped the 16-nation euro climb out of a one year low against the U.S. dollar.
Greece must pay 8.5 billion euros in bonds by May 19.
But worries that a key election in Germany could delay aid for Greece helped stoke market fears.
Analyst11 Nicholaos Skourias says worries intensified12 this week after Standard and Poor's downgraded ratings for bonds issued by Greece, Portugal and Spain.
"There is this fear of contagion," said Nicholaos Skourias. "I think that Greece and Portugal are very small countries but the crisis could spread to Spain which is a more important player in Europe."
Analysts13 say fears of a larger debt crisis helped to speed up negotiations.
But in Greece, many are angry that tougher austerity measures will hurt workers and retired14 pensioners15.
Yiannis Panagopoulos is head of Greece's largest workers union:
"The lenders not only pressure, but blackmail16 and don't accept negotiations," said Yiannis Panagopoulos. "We got the flavor of a very harsh package of measures, measures that are against development, new measures that will lead to recession."
The U.S. has not been immune to the crisis. Key stock indexes fell sharply on Wall Street after the credit downgrades.
On Thursday, Democratic Congressman17 Paul Kanjorski used the Greek crisis to stress the need for U.S. financial reform.
"Some recent news reports suggest that bankers crafted derivatives19 to hide Greek debt," said Paul Kanjorski. "Congress must respond by creating more transparency in our derivative18 markets as provided for in the house-passed bill."
Earlier this week, the International Monetary Fund agreed to triple the size of its aid package to Greece.
Analysts say the move appears to have calmed global worries of a larger crisis, at least for the time being.
1 turmoil | |
n.骚乱,混乱,动乱 | |
参考例句: |
|
|
2 consensus | |
n.(意见等的)一致,一致同意,共识 | |
参考例句: |
|
|
3 helping | |
n.食物的一份&adj.帮助人的,辅助的 | |
参考例句: |
|
|
4 reassuring | |
a.使人消除恐惧和疑虑的,使人放心的 | |
参考例句: |
|
|
5 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
参考例句: |
|
|
6 commissioner | |
n.(政府厅、局、处等部门)专员,长官,委员 | |
参考例句: |
|
|
7 negotiations | |
协商( negotiation的名词复数 ); 谈判; 完成(难事); 通过 | |
参考例句: |
|
|
8 prospects | |
n.希望,前途(恒为复数) | |
参考例句: |
|
|
9 imminent | |
adj.即将发生的,临近的,逼近的 | |
参考例句: |
|
|
10 rebound | |
v.弹回;n.弹回,跳回 | |
参考例句: |
|
|
11 analyst | |
n.分析家,化验员;心理分析学家 | |
参考例句: |
|
|
12 intensified | |
v.(使)增强, (使)加剧( intensify的过去式和过去分词 ) | |
参考例句: |
|
|
13 analysts | |
分析家,化验员( analyst的名词复数 ) | |
参考例句: |
|
|
14 retired | |
adj.隐退的,退休的,退役的 | |
参考例句: |
|
|
15 pensioners | |
n.领取退休、养老金或抚恤金的人( pensioner的名词复数 ) | |
参考例句: |
|
|
16 blackmail | |
n.讹诈,敲诈,勒索,胁迫,恫吓 | |
参考例句: |
|
|
17 Congressman | |
n.(美)国会议员 | |
参考例句: |
|
|
18 derivative | |
n.派(衍)生物;adj.非独创性的,模仿他人的 | |
参考例句: |
|
|
19 derivatives | |
n.衍生性金融商品;派生物,引出物( derivative的名词复数 );导数 | |
参考例句: |
|
|