时间:2019-02-13 作者:英语课 分类:英语新闻


英语课

 Top German court approves ESM


BERLIN, Sept. 12 (Xinhua) -- Federal Constitutional Court of Germany approved the ratification 1 of the European Stability Mechanism 2 (ESM) Wednesday, paving the way for the permanent bailout fund and other crisis-battling instruments to go into operation.


The Karlsruhe-based court decided 3 not to issue a temporary injunction demanded by plaintiffs to prevent German President Joachim Gauck from completing the ratification process of the ESM and the European fiscal 4 pact 5 by signing them into law.
But the court said the German parliament should "receive comprehensive information" over future decisions made by the ESM and Germany's financial burden in the fund should be limited to its share of the capital stock or about 190 billion euros (245 billion U.S. dollars).
Any increase of the burden should not happen "without agreement of German representatives," said Court President Andreas Vosskuhle in a statement.
The court said Germany must state clearly that German interest should be respected in the ESM and Germany reserves the right to opt 6 out of the mechanism.
The court has been considering more than 1,000 petitions against the ESM and the fiscal pact filed by German lawmakers, economists 7, professors and ordinary people since July. Around 37,000 plaintiffs were involved.
The opponents argue that the ESM, as well as the fiscal pact to enforce budget discipline, strips the parliament of the power to decide how taxpayers 8' money should be used, thus infringing 9 German constitution.
They fear that Germany's contribution to the fund could be increased when the debt crisis spreads further in Europe.
Once coming into force, the ESM will have a capacity of 500 billion euros for lending and purchasing bonds of indebted countries, such as Greece and Portugal.
However, this will not happen until the ESM is ratified 10 by countries contributing more than 90 percent of its 700-billion-euro capital stock, among which 27 percent comes from Germany.
German parliament has approved the ESM, together with the fiscal pact, late June. But the ratification process was suspended because President Gauck decided not to sign the treaty establishing the ESM into law as the Constitutional Court requested enough time to review complaints.
A final verdict over the constitutionality of the ESM is expected in December. Wednesday's decision, however, has given a clear signal of how the court will rule eventually.
Once Gauck gives his signature, which is expected to happen soon, Germany will be obliged to contribute to the ESM, even if it is found unconstitutional in the future.
The court's decision also removed an obstacle for the European Central Bank's (ECB) open-end bond purchasing program, another instrument announced last week to battle the three-year-old debt crisis in Europe.
According to ECB President Mario Draghi, applying for bailout from European Financial Stability Facility (EFSF) or the ESM is one of the preconditions for a European country to receive ECB's bond-purchasing aid.
The temporary fund EFSF is set to expire on June 30, 2013, and has around 140 billion euros of bailout fund left available. The ESM, which was originally scheduled to come into force in July 2012, has been expected to help increase the "firewall" and calm market. (1 euro = 1.29 U.S. dollars)

n.批准,认可
  • The treaty is awaiting ratification.条约正等待批准。
  • The treaty is subject to ratification.此条约经批准后才能生效。
n.机械装置;机构,结构
  • The bones and muscles are parts of the mechanism of the body.骨骼和肌肉是人体的组成部件。
  • The mechanism of the machine is very complicated.这台机器的结构是非常复杂的。
adj.决定了的,坚决的;明显的,明确的
  • This gave them a decided advantage over their opponents.这使他们比对手具有明显的优势。
  • There is a decided difference between British and Chinese way of greeting.英国人和中国人打招呼的方式有很明显的区别。
adj.财政的,会计的,国库的,国库岁入的
  • 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。
n.合同,条约,公约,协定
  • The two opposition parties made an electoral pact.那两个反对党订了一个有关选举的协定。
  • The trade pact between those two countries came to an end.那两国的通商协定宣告结束。
vi.选择,决定做某事
  • They opt for more holiday instead of more pay.他们选择了延长假期而不是增加工资。
  • Will individual schools be given the right to opt out of the local school authority?各个学校可能有权选择退出地方教育局吗?
n.经济学家,经济专家( economist的名词复数 )
  • The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
  • Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》
纳税人,纳税的机构( taxpayer的名词复数 )
  • Finance for education comes from taxpayers. 教育经费来自纳税人。
  • She was declaiming against the waste of the taxpayers' money. 她慷慨陈词猛烈抨击对纳税人金钱的浪费。
v.违反(规章等)( infringe的现在分词 );侵犯(某人的权利);侵害(某人的自由、权益等)
  • The material can be copied without infringing copyright. 这份材料可以复制,不会侵犯版权。
  • The media is accused of infringing on people's privacy. 人们指责媒体侵犯了大家的隐私。 来自《简明英汉词典》
v.批准,签认(合约等)( ratify的过去式和过去分词 )
  • The treaty was declared invalid because it had not been ratified. 条约没有得到批准,因此被宣布无效。
  • The treaty was ratified by all the member states. 这个条约得到了所有成员国的批准。
标签: German
学英语单词
acceptance of single lot
al maqwa(magwa)
Bacterium cloacae
bellowss
biohydrology
blocking (of the indicator)
Bourg-les-Valence
breast off
cadmium orthosilicate
chemoorganoheterotrophy
chiliastic movement
Chondrodactylus
classical civilization
colpoureterotomy
constant-enthalpy line
cross-lightings
cry stinking fish
cut-off piling
data drawing list
die nut
Dilaspan
dysploidion
ellass
endothelial myelomas
enigmatite
euro-creep
extinction rule
faceted interface
feed water storage tanks
financial result
fluoroprogesterone
frog-marches
george washington bridges
green forage
guided missile counter-measure
high - pressure selling
high current
hootest
hydrophobic dust
in-vehicle information system
isotanshinone
katathermometer
largest
laser spectrum
latent demand
lifting finder
liquid displacement gas flow calibration facility
lyotropic number
maclovia
macrodactylism
made bold to
made bricks without straw
magnetic multipole
majestie
meat jelly
mechanical kinetic energy
medicinal rash
mentigerous
mergesorts
month jumper spring
multiple twin crystal
n-terminal resister
nonfrigid
nummuss
omen
open brine tank
open fender hitching
overseas issuer
parabolic mirror
paramedian incision
phytogenetically
piece part number
Polkville
primary macroglobulinemia
pushing prints
radiator plug
recombine
recorded voice announcement
resistance sinter
running-around
safe service life
sea bed material
semihora
sixtysomethings
spermatists
sub-leases
Subarian
sulfonic grous
Sutlej R.(Satluj R.)
tenth theorem of information theory
thules
timed injection system
tonoscillograph
transient ischemia attack
turbo-dissolver
TVBS
uItraviolet absorption methods
Vahlbruch
Valva ilealis
vector FORTRVN
work obligation
zips through