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(单词翻译:双击或拖选)
Eurozone Ministers Delay Greece Bailout Installment1 Until October
Eurozone finance ministers delayed Friday a decision on paying out the next batch2 of emergency loans to Greece, pending3 a review of the nation's finances. Greece had been scheduled to receive an $11-billion installment from the first bailout at the end of September. The debt-heavy country has said it will run out of cash next month unless it receives the money. But the delay appears to have eased some concerns about a possible default by Greece, for now.
With the government's debt equal to about 150 percent of its gross domestic output, Greece could have serious problems making payments on its loans next month.
But European Union officials at a meeting in Poland said whether Greece receives the second portion of a $152-billion bailout package depends on its commitment to keep spending in check.
E.U. Economic Affairs Commissioner4 Ollie Rehn said, "Technically5 we have all the chances of taking a decision in the first part of October so as to disburse6 before mid-October for Greece, but really on the condition that Greece meets all the fiscal7 and other conditions. And now the ball is in the Greek court."
Worries that Greece might default on its loan payments have driven much of the recent turbulence8 in financial markets. But coordinated9 action Friday by European central banks to keep money flowing into the banking10 sector11 helped ease some of those concerns. That, and a new commitment from Europe's largest economy to secure the future of the euro, at all costs.
German chancellor12 Angela Merkel said, "Everything which needs to be done to keep the euro stable, needs to be done. Everything that goes against this aim must be avoided."
U.S. Treasury13 Secretary Timothy Geithner attended the meeting in Poland. He urged European leaders to act quickly - and warned that political wrangling14 over the debt crisis could make matters worse.
Bank analyst15 Mark Matthews said increasing pressure from the United States reflects the growing threat from a larger European crisis.
"So the implicit16 threat, I think, from the U.S. and the IMF is that 'if you guys don't sort your act out, you're taking down the whole world by not doing so' and they're basically threatening not to fund the bailout package," said Matthews.
Despite the lack of fresh action by European ministers, broader market shares in Asia and the U.S. rose on hopes that policy makers17 will be able to reach agreement on a bold plan to deal with the region's debt problem - before it's too late.
1 installment | |
n.(instalment)分期付款;(连载的)一期 | |
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2 batch | |
n.一批(组,群);一批生产量 | |
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3 pending | |
prep.直到,等待…期间;adj.待定的;迫近的 | |
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4 commissioner | |
n.(政府厅、局、处等部门)专员,长官,委员 | |
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5 technically | |
adv.专门地,技术上地 | |
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6 disburse | |
v.支出,拨款 | |
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7 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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8 turbulence | |
n.喧嚣,狂暴,骚乱,湍流 | |
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9 coordinated | |
adj.协调的 | |
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10 banking | |
n.银行业,银行学,金融业 | |
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11 sector | |
n.部门,部分;防御地段,防区;扇形 | |
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12 chancellor | |
n.(英)大臣;法官;(德、奥)总理;大学校长 | |
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13 treasury | |
n.宝库;国库,金库;文库 | |
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14 wrangling | |
v.争吵,争论,口角( wrangle的现在分词 ) | |
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15 analyst | |
n.分析家,化验员;心理分析学家 | |
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16 implicit | |
a.暗示的,含蓄的,不明晰的,绝对的 | |
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17 makers | |
n.制造者,制造商(maker的复数形式) | |
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