VOA标准英语2012--World's Economy Still Focused on Europe

 

World's Economy Still Focused on Europe

New reports out Friday show German business confidence declined in June.

Chinese manufacturing continues to shrink.

And the number of Americans applying for unemployment benefits hit a nine-month high.

Expectations were naturally high on Friday as leaders of France, Germany, Italy and Spain met in Rome. Despite announcing general agreement on a $160 billion plan to revive economic growth, analysts¹ say fixing what ails² Europe will require more than money.

Thanos Veremis is a Greek political historian:

"If you want to save the euro, you have to do much more than just hand out money around, you need to create a ministry³ of the exchequer⁴ - or whatever you call it in England - or a minister of finance or a common fiscal⁵ policy, which we don't have in Europe," said Veremis.

Structural⁶ reforms from a European banking⁷ consortium to jointly⁸ issued euro-bonds are just a few of the ideas gaining momentum⁹ - especially after formation of a new coalition¹⁰ government in Greece failed to ease concerns about the deepening fiscal crisis.

With the world's major economies slowing down, some investors¹¹ were eager to see stimulative¹² action from the U.S.

But financial markets were ultimately disappointed Wednesday after U.S. central bank chairman Ben Bernanke announced only the extension of an earlier program to maintain interest rates at record lows.

Experts say the Fed still has a few options, including expanding its balance sheet to make more U.S. dollars available, but market strategist Stephen Wood says the Federal Reserve may be conserving¹³ its fire power.

"I think in some ways the Federal Reserve, like the European Central Bank - they want to keep a little bit of their powder dry just in case the financial situation in Europe gets out of control."

Despite agreement on the need to bolster¹⁴ economic growth, European leaders remain at odds¹⁵ over how to do it.

Among the thorny¹⁶ issues likely to come up at the European Summit in Brussels on Thursday, June 28 is a proposal to use Europe's existing bailout funds to buy debt from ailing¹⁷ economies in Spain, Italy and Greece. 

1 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。

2 ails   

v.生病( ail的第三人称单数 )；感到不舒服；处境困难；境况不佳

参考例句：

• He will not concede what anything ails his business. 他不允许任何事情来干扰他的工作。 来自《现代英汉综合大词典》
• Measles ails the little girl. 麻疹折磨着这个小女孩。 来自《简明英汉词典》

3 ministry   

n.(政府的)部；牧师

参考例句：

• They sent a deputation to the ministry to complain.他们派了一个代表团到部里投诉。
• We probed the Air Ministry statements.我们调查了空军部的记录。

4 exchequer   

n.财政部；国库

参考例句：

• In Britain the Chancellor of the Exchequer deals with taxes and government spending.英国的财政大臣负责税务和政府的开支。
• This resulted in a considerable loss to the exchequer.这使国库遭受了重大损失。

5 fiscal   

adj.财政的，会计的，国库的，国库岁入的

参考例句：

• The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
• The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。

6 structural   

adj.构造的，组织的，建筑（用）的

参考例句：

• The storm caused no structural damage.风暴没有造成建筑结构方面的破坏。
• The North American continent is made up of three great structural entities.北美大陆是由三个构造单元组成的。

7 banking   

n.银行业，银行学，金融业

参考例句：

• John is launching his son on a career in banking.约翰打算让儿子在银行界谋一个新职位。
• He possesses an extensive knowledge of banking.他具有广博的银行业务知识。

8 jointly   

ad.联合地，共同地

参考例句：

• Tenants are jointly and severally liable for payment of the rent. 租金由承租人共同且分别承担。
• She owns the house jointly with her husband. 她和丈夫共同拥有这所房子。

9 momentum   

n.动力，冲力，势头；动量

参考例句：

• We exploit the energy and momentum conservation laws in this way.我们就是这样利用能量和动量守恒定律的。
• The law of momentum conservation could supplant Newton's third law.动量守恒定律可以取代牛顿第三定律。

10 coalition   

n.结合体，同盟，结合，联合

参考例句：

• The several parties formed a coalition.这几个政党组成了政治联盟。
• Coalition forces take great care to avoid civilian casualties.联盟军队竭尽全力避免造成平民伤亡。

11 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

12 stimulative   

n.刺激，促进因素adj.刺激的，激励的，促进的

参考例句：

• Do you want to enjoy the absolutely stimulative experience? 你想享受魔兽游戏带来的绝对刺激的体验吗？ 来自互联网
• Discussed follow pattern of demand, the way that stimulative technology progresses. 探讨了遵循供求规律，促进技术进步的途径。 来自互联网

13 conserving   

v.保护，保藏，保存( conserve的现在分词 )

参考例句：

• Contour planning with or without terracing is effective in conserving both soil and moisture. 顺等高线栽植，无论做或不做梯田对于保持水土都能有效。 来自辞典例句
• Economic savings, consistent with a conserving society and the public philosophy. 经济节约，符合创建节约型社会的公共理念。 来自互联网

14 bolster   

n.枕垫；v.支持，鼓励

参考例句：

• The high interest rates helped to bolster up the economy.高利率使经济更稳健。
• He tried to bolster up their morale.他尽力鼓舞他们的士气。

15 odds   

n.让步，机率，可能性，比率；胜败优劣之别

参考例句：

• The odds are 5 to 1 that she will win.她获胜的机会是五比一。
• Do you know the odds of winning the lottery once?你知道赢得一次彩票的几率多大吗？

16 thorny   

adj.多刺的，棘手的

参考例句：

• The young captain is pondering over a thorny problem.年轻的上尉正在思考一个棘手的问题。
• The boys argued over the thorny points in the lesson.孩子们辩论功课中的难点。

17 ailing   

v.生病

参考例句：

• They discussed the problems ailing the steel industry. 他们讨论了困扰钢铁工业的问题。
• She looked after her ailing father. 她照顾有病的父亲。