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英语听力—环球英语 498 Iceland’s Financial Crisis

时间:2011-11-14 06:36来源:互联网 提供网友:fei   字体: [ ]
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    (单词翻译:双击或拖选)

  Voice 1
Hello and welcome to Spotlight1. I'm Marina Santee.
Voice 2
And I'm Liz Waid. This programme uses a special English method of broadcasting. It is easier for people to understand, no matter where in the world they live.
Voice 1
A number of people stand patiently in a line. The line stretches from one end of the large room to the other. It even passes through the open door. Tables fill one part of the room. On these tables are large, green, plastic boxes. The boxes are full of different kinds of food - bread, eggs, vegetables. One by one, the people in the line move towards the boxes. They take some food out of each box - some eggs, a loaf of bread, one or two pieces of meat. They place the food in a bag. They can only take enough to last them a week. Then, they turn away and begin their trip home. They walk slowly, with their eyes looking at the ground. Their faces are full of sadness. Life is hard for them.
Voice 2
You may think that these people live in a poor country. And that they have been struggling with poverty for a long time. But, this is not the case. These people are in Iceland - a small island country in the north Atlantic Ocean. And, until October 2008, Iceland was the fifth richest country in the world! Now, some of its people wait in line to receive free food from the Red Cross aid organization. What has happened? Why must many people in this rich European country now depend on aid to survive?
Voice 1
Well, the short answer is - the current global financial crisis2. For some years, banks across the world were taking great financial risks. They wanted to make as much quick profit as they could. Many of these banks were in the United States. These banks borrowed huge amounts of money - often from foreign banks. Interest rates in the US rose. And the housing3 market suffered. However, US banks continued to lend money to people who wanted to buy houses. And many of the people who received loans5 were not able to pay them back. The banks already knew this. But they continued to lend out money - money that they themselves had borrowed from other banks.
Voice 2
But in August 2007,the situation in the US began to affect the global market. A number of European banks had invested6 in the American market. And they discovered that they had lost millions of dollars in bad investments7 there. They did not have enough money to manage their businesses properly. And other banks were no longer willing to lend them anything. Banks no longer trusted each other.
Voice 1
Icelandic banks had invested heavily in the US and the UK economic markets. The banking8 system was at the centre of Iceland's economy. So when the banks started to struggle, it affected9 the country very badly. By October 2008, Iceland had huge bank debts. They were 12 times bigger than the whole of Iceland's Gross10 Domestic11 Product. The GDP represents the total market value of all goods and services produced by a country in a year. So, the government had to take control of Iceland's three major banks. And, it also asked the International Monetary12 Fund13 for emergency financial help. Weeks later, the IMF promised to lend Iceland 2.1 trillion dollars in aid.
Voice 2
The crisis affected Iceland's people deeply. The island's population is only three hundred thousand. But nearly five thousand people are losing their jobs every month. Food prices are rising. Many people cannot pay for bank loans on their homes each month. So they have to find somewhere else to live - like Sveri Olafsson. Sveri was once a well-known sculptor14. He made images out of wood and stone. He had a large house, a big car, plenty of money. But the banking crisis has left him with almost nothing. He now lives in an old truck that he bought with the little money he had left. He says:
Voice 3
"I am 60 years old, and I have come to this? The banks destroyed my credit15 and everything - because they knew they were going down...I had to sell - at a very low price. This truck was the only thing I could buy to keep a roof over my head - to give me shelter. There is complete disorder16 in this country...the people standing17 in line for food - this is the picture of Iceland today."
Voice 1
So, what hope is there for the island? The Prime18 Minister is Geir Haarde. He believes that the IMF loan4 will help to establish a good base for future economic recovery19. He said:
Voice 4
"With the IMF aid we can get the technical help we need with our economy...this will provide support in developing a healthier financial system."
Voice 1
But some people believe that help should come from another direction. They think that Iceland should become members of the European Union. They are sure that this would help to calm Iceland's economy. For example, fishing was once at the centre of Iceland's economy. And with the EU's help, it could return to this traditional way of making money. Jon Balvin Hannibalsson is a former foreign minister. He says:
Voice 5
"We have to start again. But Iceland is only a small nation. And using our own kind of money- the Krona - is a very bad idea. We have had enough - it is finished. And there is only one way out - to become members of the European Union."
Voice 1
But other people disagree. They believe that joining the EU would destroy the Icelandic fishing industry. They say that other Europeans would be able to fish in their waters. And so the profits would be shared. Iceland could not survive on the fishing trade alone.
Voice 2
Whatever happens, there are more difficult times ahead for Icelandic people. But they still believe that things will get better. Houkur Olafsson recently lost his job in a computer company. But he has not lost hope. He says:
Voice 6
"It is hard to believe that anyone can live here - on an island in the darkest north! But we have a responsibility to stick together... this has made Iceland the country it is today...And I think that we can do that again."
Voice 1
Do you have any stories about how the global financial crisis is affecting your country? Write and tell us. Our e-mail address is: radio @ english . net.
 


点击收听单词发音收听单词发音  

1 spotlight 6hBzmk     
n.公众注意的中心,聚光灯,探照灯,视听,注意,醒目
参考例句:
  • This week the spotlight is on the world of fashion.本周引人瞩目的是时装界。
  • The spotlight followed her round the stage.聚光灯的光圈随着她在舞台上转。
2 crisis pzJxT     
n.危机,危急关头,决定性时刻,关键阶段
参考例句:
  • He had proved that he could be relied on in a crisis.他已表明,在紧要关头他是可以信赖的。
  • The topic today centers about the crisis in the Middle East.今天课题的中心是中东危机。
3 housing YqzzxS     
n.房屋,住宅;住房建筑;外壳,外罩
参考例句:
  • Do you think our housing sales will turn around during this year?你认为今年我们的住宅销路会好转吗?
  • The housing sales have been turning down since the summer.入夏以来,房屋的销售量日趋减少。
4 loan w0RxB     
n.贷款;借出的东西;借;vt.借出;贷予
参考例句:
  • I asked the bank to help me with a loan.我请银行给我一笔贷款。
  • Has the bank okayed your request for a loan?银行批准你的贷款要求了吗?
5 loans f806527a4b4ecb554edad98174334a70     
n.借出物,借款( loan的名词复数 )v.借出,贷与(尤指钱)( loan的第三人称单数 );出借(贵重物品给博物馆等)
参考例句:
  • They are offering loans at extortionate rates of interest. 他们在放高利贷。
  • Government loans have been the salvation of several shaky business companies. 政府的贷款救活了几家濒临倒闭的公司。 来自《现代汉英综合大词典》
6 invested 9a25ac4ea8d8a9b7bac3a3ed96702a06     
v.投资,花费( invest的过去式和过去分词 );授予;(把资金)投入;投入(时间、精力等)
参考例句:
  • The money will be invested in managed funds. 这笔钱将投资于管理基金。
  • He invested his lawyer with complete power to act for him. 他让律师全权代办。 来自《简明英汉词典》
7 investments a6dba6e72f1adaf693af15720bcbf55a     
n.投资( investment的名词复数 );投资额;(时间、精力的)投入;值得买的东西
参考例句:
  • With the markets being so volatile, investments are at great risk. 由于市场那么变化不定,投资冒着很大的风险。 来自《简明英汉词典》
  • All their money was tied up in long-term investments. 他们所有的钱都搁死在长线投资上了。 来自《简明英汉词典》
8 banking aySz20     
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。
9 affected TzUzg0     
adj.不自然的,假装的
参考例句:
  • She showed an affected interest in our subject.她假装对我们的课题感到兴趣。
  • His manners are affected.他的态度不自然。
10 gross cyEys     
adj.全部的,粗俗的,肥胖的;vt.获得...总收入
参考例句:
  • The gross weight of the box of chocolates is 500 grams.那盒巧克力的全部重量是500克。
  • I consider this a gross oversight on your part.我把这件事看作是你的一大疏忽。
11 domestic QsjxC     
adj.家里的,国内的,本国的;n.家仆,佣人
参考例句:
  • This is domestic news.这是国内新闻。
  • She does the domestic affairs every day.她每天都忙家务。
12 monetary pEkxb     
adj.货币的,钱的;通货的;金融的;财政的
参考例句:
  • The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
  • Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。
13 fund vhUx8     
n.基金,资金,存款,财源,贮藏;vt.提供资金,积累
参考例句:
  • They decided to set up a fund for this purpose.他们决定为此专立一项基金。
  • This fund may not be drawn on without permission.这笔钱非经批准不得动用。
14 sculptor 8Dyz4     
n.雕刻家,雕刻家
参考例句:
  • A sculptor forms her material.雕塑家把材料塑造成雕塑品。
  • The sculptor rounded the clay into a sphere.那位雕塑家把黏土做成了一个球状。
15 credit pOGzH     
n.信用,荣誉,贷款,学分;v.归功于,赞颂,信任
参考例句:
  • I credit him with a certain amount of sense.我认为他有一定的见识。
  • He got the credit,and we did the dirty work.他得荣誉,我们做不讨好的工作。
16 disorder Et1x4     
n.紊乱,混乱;骚动,骚乱;疾病,失调
参考例句:
  • When returning back,he discovered the room to be in disorder.回家后,他发现屋子里乱七八糟。
  • It contained a vast number of letters in great disorder.里面七零八落地装着许多信件。
17 standing 2hCzgo     
n.持续,地位;adj.永久的,不动的,直立的,不流动的
参考例句:
  • After the earthquake only a few houses were left standing.地震过后只有几幢房屋还立着。
  • They're standing out against any change in the law.他们坚决反对对法律做任何修改。
18 prime lBVyB     
adj.首要的,主要的;最好的,第一流的
参考例句:
  • The prime minister spoke of the general insecurity in the country.总理谈到了全国普遍存在的不安全。
  • He met with the Prime Minister of Japan for an hour.他和日本首相会见了一个小时。
19 recovery fUkx6     
n.恢复,痊愈;追回,寻回,收复
参考例句:
  • The doctors said that his recovery was a miracle. 医生们说他的复原是件奇事。
  • The quick recovery was truly in response to medication.这次迅速康复确实是对药物治疗的反应。
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