2014年CRI 金砖国家开发银行成立 容克当选新一届欧盟委员会主席

 

The BRICS countries have confirmed plans for a new development bank and contingency¹ reserve.

The five members of the group -- Brazil, Russia, India, China and South Africa -- have laid out the designs at their two-day summit in Brazil.

The New Development Bank will be headquartered in Shanghai.

Each member is putting in an initial 10-billion dollars.

The 50-billion dollar float has the potential to be increased to 100-billion in the future.

At the same time, a new contingency reserve of 100-billion US dollars has also been set-aside to cushion the BRICS member countries from possible global liquidity² shortfalls.

The European Parliament has elected Jean-Claude Junker as the new President of the European Commission.

Junker, the former Prime Minister of Luxembourg, will take over from Jose Manuel Barroso.

In moving to secure his election, Junker has called for a 300-billion euro investment plan for Europe.

He's also campaigned for a more democratic "troika," namely the EU, IMF and the European Central Bank, which has been responsible for the bailouts of Greece, Portugal, Ireland and Cyprus.

Junker's election as the new head of the European Commission had been strongly contested by British Prime Minister David Cameron, who considers him too Euro-centric.

1 contingency   

n.意外事件，可能性

参考例句：

• We should be prepared for any contingency.我们应该对任何应急情况有所准备。
• A fire in our warehouse was a contingency that we had not expected.库房的一场大火是我们始料未及的。

2 liquidity   

n.流动性，偿债能力，流动资产

参考例句：

• The bank has progressively increased its liquidity.银行逐渐地增加其流动资产。
• The demand for and the supply of credit is closely linked to changes in liquidity.信用的供求和流动资金的变化有密切关系。