Europe Pushes Toward More Bank Funding
英语课
European officials are moving to add new funding for troubled banks on the continent that are weighed down by the possibility of a Greek default on its debts.
German Chancellor 1 Angela Merkel, leader of the country with Europe's strongest economy, lent her support Wednesday. She said there should be a Europe-wide cash infusion 2 for the banks if there is a "common view" that the banks need financial help to offset 3 possible losses on government bonds they have bought.
The chief of the International Monetary 4 Fund's European operations, Antonio Borges, said it is "no secret" that the European authorities are working toward adding public money to the coffers of the private banks, much as the U.S. did with its banks in 2008 at the start of the global recession. One international investment bank, Morgan Stanley, said European banks may need $186 billion in new funding.
The bank rescue attempt came as French and Belgian officials worked to keep the cross-border Dexia bank from collapsing 5. They are planning to put its troubled assets in a separate "bad bank" entity 6 to protect depositors from losing their savings 7.
In a new report, the IMF said European leaders need to take decisive action to solve the continent's debt crisis, not just solve worries over a possible Greek default. The international funding agency said that Europe needs to use new crisis management provisions it approved in July.
But the IMF said the continent needs to keep money available for economic growth, not just cut government spending.
The agency said the pursuit of deficit 8 targets "should not come at the expense" of risking a widespread recession in 2012, which Borges said "can't be ruled out."
Investors 9 reacted favorably to the new pledges of European action on the debt crisis. Markets in London, Paris and Frankfurt all advanced sharply on Wednesday, after falling significantly earlier in the week.
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.灌输
- Old families need an infusion of new blood from time to time.古老的家族需要不时地注入新鲜血液。
- Careful observation of the infusion site is necessary.必须仔细观察输液部位。
n.分支，补偿；v.抵消，补偿
- Their wage increases would be offset by higher prices.他们增加的工资会被物价上涨所抵消。
- He put up his prices to offset the increased cost of materials.他提高了售价以补偿材料成本的增加。
adj.货币的，钱的；通货的；金融的；财政的
- 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。
压扁[平]，毁坏，断裂
- Rescuers used props to stop the roof of the tunnel collapsing. 救援人员用支柱防止隧道顶塌陷。
- The rocks were folded by collapsing into the center of the trough. 岩石由于坍陷进入凹槽的中心而发生褶皱。
n.实体，独立存在体，实际存在物
- The country is no longer one political entity.这个国家不再是一个统一的政治实体了。
- As a separate legal entity,the corporation must pay taxes.作为一个独立的法律实体，公司必须纳税。
n.存款，储蓄
- I can't afford the vacation,for it would eat up my savings.我度不起假，那样会把我的积蓄用光的。
- By this time he had used up all his savings.到这时，他的存款已全部用完。
n.亏空，亏损；赤字，逆差
- The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
- We have a great deficit this year.我们今年有很大亏损。