2022考研英语阅读欧元危机.pdfVIP

本文格式为Word版，下载可编辑 2022考研英语阅读欧元危机 The euro crisis 欧元危机 Debtors prison 负债人的监狱 The euro zone is blighted by private debt evenmore than by government debt 欧元区饱受私人债务的困扰，其程度甚至超过政府债务 THE European Central Bank announced this week how it will undertake a root -and-branchexamination of banking assets before it takes charge of supervision in the euro area latenext year. 欧洲央行在本周宣布了它们在明年年底接管监督欧元 区之前如何对银行资产进行彻底的检测。 One aim of the exercise is to identify the bad debts that are fouling up euro-zone banksand preventing the flow of new credit. 演习的目的之一是要找出那些使上涨欧元区银行结垢 和阻碍新的信贷活动的坏账。 This is important because parts of the single -currency area are crippled not just by publicborrowing but by private debt, most of which is sitting on banking books. 1 / 5 本文格式为Word版，下载可编辑 这是很重要的，由于造成部分单一货币区残缺的不只是 由于公共借款，更是由于私人债务，而且其中大部分是坐在 银行账户。 Throughout the euro crisis, tough austerity programmes have been aimed at tacklingsovereign debt. 在整个欧元区危机中，严峻的紧缩方案旨在应对主权债 务。 That German-inspired focus is badlymisplaced. 德国风格的焦点是严峻错位的。 High private debt is more detrimental to growth than high public debt, according to recentresearch by the IMF. 依据国际货币基金组织最近的讨论，高额私人债务比高 额公共债务更不利。 Indeed the IMF study finds that excessive sovereign debt reduces growth only whenhousehold and corporate sectors are heavily indebted too. 事实上，国际货币基金组织的讨论发觉，只有当家庭和 企业部门都负债累累的时候，过多的主权债务才能削减增加。 The malign effect of high private debt becomes apparent in the busts that followcredit-driven booms. 高额私人债务的恶性影响渐渐变得明显，随之而来的是 2 / 5 本文格式为Word版，下载可编辑 信贷驱动的蓬勃进展。 Households tha have borrowed too much in rela