GRE阅读练习：德国经济改革对欧元影响.docxVIP

Word文档下载后（可任意编辑） 第 第 PAGE 1 页 共 NUMPAGES 1 页 GRE阅读练习：德国经济改革对欧元影响 GRE阅读文章：GRE阅读练习：德国经济改革对欧元影响 GRE考试精品课程训练  THE European Central Bank (ECB) decided a year ago to hold this week’s monetary-policymeeting in Barcelona, but the timing turned out to be perfect. Spain is in the crosshairs of themarkets, not least because of budgetary overruns by regional governments such as Catalonia’s.And the contrasting economic fortunes of beaten-up Spain, where the jobless rate has reached24%, and resilient Germany, where it is below 6%, exemplify the difficulty of finding the rightmonetary policy in a currency union of 17 members.  欧洲中央银行(ECB)早在一年前就决定了将于本周在巴塞罗那召开货币政策会议，现今看来，会议召开的恰是时候。现在的西班牙正处在市场的风口浪尖，特别是因为加泰罗尼亚等自治区政府的预算超支才导致了西班牙到了这般田地。同德国相比，西班牙经济死气沉沉，失业率飙升至24%;德国经济稳步反弹，失业率则低于6%。如此鲜明的对比恰也印证了，在这个由17名成员组成的货币区内制定出一项正确的货币政策确实不易。  The ECB’s meeting on May 3rd (after The Economist went to press) was not expected tochange its monetary stance. Behind the scenes, however, there are acute tensions within its23-strong governing council, made up of six board members and the heads of the 17 nationalcentral banks. In particular Jens Weidmann, the president of the powerful GermanBundesbank, opposed the decision to cut interest rates to 1% in December, and frets aboutthe adequacy of the collateral against which the ECB has lent so much money to banks inrecent months.  货币政策会议在本期《经济学人》付梓之际尚未召开。预计欧洲央行不会在5月3日召开的会议上改变其货币政策。然而在幕后，各委员的意见却是针锋相对;欧洲央行管理委员会共由6名欧洲中央银行执行委员会成员和17名欧元区成员国央行行长组成，在这23人的委员会中，唯独德国联邦银行行长权利较大，而最为不满的人也正是他。早在去年12月，他就曾反对欧洲央行将利率下调至1%的决议，近几个月来，银行频频以抵押物换取欧洲央行贷款，更是引起了魏德曼对欧洲央行所持巨额资金抵押品的堪忧。  Among other things Germany’s top central banker wants to avoid a home replay of the creditand property boom whose excesses have been so harmful in Spain. Loose monetary policymakes him nervous about the possibility of a property bubble in Germany. After a long periodwhen house prices fell and then stagnated, they have picked up in the past couple of years(see chart). Homebuildin