时间:2019-01-13 作者:英语课 分类:VOA标准英语2012年(八月)


英语课

 


Experts Call for Action as Europe's Crisis Festers



Greek Prime Minister Antonis Samaras has been holding another round of meetings with key European leaders like German Chancellor 1 Angela Merkel. Samaras wants more time to implement 2 painful reforms. As the leader of Europe's strongest economy, Merkel insists that Greece stick to the reforms and their timetable.


It is a familiar and sometimes awkward political dance, but one that after five years, experts say, has gone on too long. 


"We've already lost almost five years. I think that unless there is much bolder action, unless something more is done, there's a real risk of another five years," said Jennifer McKeown, who is the chief European economist 3 at the London consulting firm Capital Economics.


Painful choices


The German stock exchange provided evidence of the risk she cited, with a downturn immediately after the Merkel-Samaras meeting. McKeown said one way out of the crisis involves even more pain for Greece and the other troubled economies, and indeed the entire continent. And the other way out is blocked by Germany and other skeptics.


"I think the most obvious way out is for them to leave the euro and devalue," said McKeown. "The other way out is for them to get lot more support from the so-called core economies, from the likes of Germany, or perhaps from the ECB [European Central Bank]. Now, so far it doesn't seem that much is forthcoming in that respect."


The huge government debt and resulting spending cuts have spiked 4 unemployment in Greece and other troubled economies.


And anger has spilled over into the streets, including a recent protest by government workers in Spain.


Need for decisive action


That kind of unrest is one result of sharp cuts in government spending at a time of recession, according to Professor John Van Reenen at London's Center for Economic Performance. He said long-term debt reduction is important, but he calls it "crazy" for Europe's strong economies to force the weak ones to cut their debts quickly, while they are in a long and deep recession.


"The slogan that you often hear is that 'you can't solve debt with more debt.' But that's actually wrong because in the short term, exactly what you want to do when you're in a depression is to accumulate, to spend more in order to pull yourself out," said Van Reenen.


The experts say without a new approach by key leaders, Europe's economy will likely struggle for many years to come, something that would hurt millions of Europeans, and continue to drag down the whole world's economy. 




n.(英)大臣;法官;(德、奥)总理;大学校长
  • They submitted their reports to the Chancellor yesterday.他们昨天向财政大臣递交了报告。
  • He was regarded as the most successful Chancellor of modern times.他被认为是现代最成功的财政大臣。
n.(pl.)工具,器具;vt.实行,实施,执行
  • Don't undertake a project unless you can implement it.不要承担一项计划,除非你能完成这项计划。
  • The best implement for digging a garden is a spade.在花园里挖土的最好工具是铁锹。
n.经济学家,经济专家,节俭的人
  • He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
  • He's an economist who thinks he knows all the answers.他是个经济学家,自以为什么都懂。
adj.有穗的;成锥形的;有尖顶的
  • The editor spiked the story. 编辑删去了这篇报道。 来自《简明英汉词典》
  • They wondered whether their drinks had been spiked. 他们有些疑惑自己的饮料里是否被偷偷搀了烈性酒。 来自辞典例句
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intergenal spine
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ISGF
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Suit for Wrongful Ship Arrested
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to a great extent
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water-cooled oil-immersed transformer
Wi-Fi dongle
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