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(单词翻译:双击或拖选)
European Economic Crisis Persists as EU Questions Greek Commitment
Thousands of Greeks, many of them prosperous and middle class until recently, crowded into the streets outside the parliament and clashed with police.
Inside, parliament members adopted a plan to cut additional billions of euros from the country’s budget.
Greece is in its fifth year of recession, with only more pain in sight. Its European Union partners are insisting on more details of the austerity program, and guarantees the plan will be implemented1, before they will approve additional credit. Without more cash, Greece will default on debt payments next month.
A parliamentary election is scheduled for April, and some Greek politicians are saying enough is enough.
“After this difficult vote goes through, we would like to see our allies, our European allies show the respect that Greece needs, to show that Europe is here to really help and soothe2 the pain of the Greeks," said Olga Kefalogianni of the New Democracy Party.
At the Economist3 Intelligence Unit in London, analyst4 Martin Koehring said austerity is needed in Greece, but he acknowledged the cuts have had a severe impact.
“The pace of this fiscal5 austerity is going too fast, even though the European leaders even say it’s not going fast enough. The message is that Greece will be on life-support for the foreseeable future,” said Koehring.
Koehring and other analysts6 say the wealthier European countries are ignoring the need for economic growth in Greece and the other troubled economies. They say that without growth, the countries will not be able to recover in the long term, and their people may well reject plans that promise years, or even decades, of suffering.
EU expert Thomas Fischer of the Bertelsmann Foundation said as much at a recent conference in Brussels.
“The focus has been on national austerity policies. The focus on growth and jobs is much weaker than the one on fiscal consolidation7. That is our basic problem, I suppose, ” said Fischer.
The fallout of the European debt crisis has reached even to countries that are relatively8 healthy economically, including Britain. On Monday, credit rating agency Moody’s put a negative watch on Britain, putting its AAA rating in jeopardy9. And the agency also simultaneously10 downgraded several other European countries.
Martin Keohring was not surprised.
"Probably Moody’s is right in highlighting that the situation for the U.K. is very dangerous. The general economic outlook is weak because the U.K. is very exposed to the euro zone,” said Keohring.
While anger in Greece boils over into the streets, European leaders face a dilemma11. They need both austerity and growth at the same time, and experts say that is a difficult combination to achieve.
1 implemented | |
v.实现( implement的过去式和过去分词 );执行;贯彻;使生效 | |
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2 soothe | |
v.安慰;使平静;使减轻;缓和;奉承 | |
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3 economist | |
n.经济学家,经济专家,节俭的人 | |
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4 analyst | |
n.分析家,化验员;心理分析学家 | |
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5 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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6 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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7 consolidation | |
n.合并,巩固 | |
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8 relatively | |
adv.比较...地,相对地 | |
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9 jeopardy | |
n.危险;危难 | |
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10 simultaneously | |
adv.同时发生地,同时进行地 | |
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11 dilemma | |
n.困境,进退两难的局面 | |
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