金融英语技能训练Lecture 4 Birth of the Eruo.pdfVIP

Lecture 4 Birth of the Euro 欧元诞生 Learning Objectives  Expand lecture-topic-related vocabulary  Take effective notes on the lecture  Retell information from notes  Accomplish listening tasks  Write an effective lecture summary  Expand reading into lecture topic  Translate an article into Chinese  Discuss euro-related topics Stage 1 Dictation 1. legal tender 2. stabilize 3. fluctuation 4. unit of accounting 5. Maastricht Treaty 6. budget deficit 7. national debt 8. peg 9. invoicing 10.traveler’s check 11.mint 12.price transparency 13.investment fund 14.Fragmented 15.liquid 16.flaw 17.inherent 18.boast 19.treasury 20. European sovereign debt crisis Stage 2 Listening Comprehension 1. Who are the members of the Eurozone? 2. What was the goal of the Treaty of Rome? 3. What happened in 1979? 4. When the euro was first introduced, what did the Eurozone countries do? 5. How does the euro enable the Eurozone market to function more efficiently and grow more steadily? 6. Why is the euro accused as “an incomplete currency”? Answers to Listening Comprehension 1. They are Austria, Belgium, Finland, France, Germany, Ireland, Italy, Luxembourg, the Netherlands, Portugal, Spain, Greece, Slovenia, Cyprus, Malta, Slovakia, and Estonia, Latvia, and Lithuania. 2. It was to create a common market in Europe in order to increase economic prosperity and contribute towards an ever closer union among the peoples of Europe. 3. The European Monetary System was established and the European Currency Unit (ECU) was created. 4. They officially pegged their exchange rates to the euro and began to use it in non-cash transactions and accounting. 5. Through price transparency, elimination of exchange rate