商务英语报刊阅读第二版课件曹丽燕 陈岩主编ISBN 9787811345230Unit 11.pptVIP

Unit 11 Euro Region Economic Growth Falls Short 曹丽燕 广东科学技术职业学院Lucy.cao@126.com Euro 欧元 Launched on financial markets on Jan. 1 1999 and with its coins introduced on Jan. 1, 2001, the euro started out trading at 1.18 dollars but soon sank and even hit an all time low of 82 cents in October 2000. It is used by 12 of the European Union countries, while Britain, Sweden and Denmark have kept their own currencies for now. Stability and Growth Pact 稳定和增长公约 It was signed in 1997 . According to the pact, the Euro nations should control its budget deficit within 3% of the GDP, otherwise, they have to pay penalty for breaking this rule. Exercise 1 1 E 2 A 3 B 4 B 5 B Translation The retail volume of the department store fell short of the expectation in the Spring Festival. The current situation in the stock market does not fully conform to the rapid economic development in China. Pegging the market price at a stable level is beneficial to the long-term stable development of domestic economy. Translation The export volume of Guangzhou has touched a record high in the first half of the year. Due to poor management, the company gradually slipped into bankruptcy. Logical Outline * * The two edges of Euro System Positive 1) boost free trade 2)eliminate the risk and trouble of exchange rate 3) promote the economic integration of the European Union Negative 1)The member nations could not implement their own monetary policies. 2)There are conflicts of the varied interests among different nations 3) Political integration falls behind economic integration *