2011年英语二 Text4 完整版 para.1 2 3翻译 (1).docxVIP

Text4(2011年英语二真题)【BCBAD】

1.WilltheEuropeanUnionmakeit?Thequestionwouldhavesoundedstrangenotlongago.NoweventheprojectsgreatestcheerleaderstalkofacontinentfacingaBermudatriangleofdebt,populationdeclineandlowergrowth.

2.Aswellasthosechronicproblems,theEUfacesanacutecrisisinitseconomiccore,the16countriesthatusethesinglecurrency.Marketshavelostfaiththattheeurozoneseconomies,weakerorstronger,willonedayconvergethankstothedisciplineofsharingasinglecurrency,whichdeniesuncompetitivemembersthequickfixofdevaluation.

3.YetthedebateabouthowtosaveEuropessinglecurrencyfromdisintegrationisstuck.Itisstuckbecausetheeurozonesdominantpowers,FranceandGermany,agreeontheneedforgreaterharmonisationwithintheeurozone,butdisagreeaboutwhattoharmonise.

4.Germanythinkstheeuromustbesavedbystricterrulesonborrowing,spendingandcompetitiveness,backedbyquasi-automaticsanctionsforgovernmentsthatdonotobey.ThesemightincludethreatstofreezeEUfundsforpoorerregionsandEUmega-projects,andeventhesuspensionofacountrysvotingrightsinEUministerialcouncils.Itinsiststhateconomicco-ordinationshouldinvolveall27membersoftheEUclub,amongwhomthereisasmallmajorityforfree-marketliberalismandeconomicrigour;intheinnercorealone,Germanyfears,asmallmajorityfavourFrenchinterference.

5.AsoutherncampheadedbyFrancewantssomethingdifferent:Europeaneconomicgovernmentwithinaninnercoreofeuro-zonemembers.Translated,thatmeanspoliticiansinterveninginmonetarypolicyandasystemofredistributionfromrichertopoorermembers,viacheaperborrowingforgovernmentsthroughcommonEurobondsorcompletefiscaltransfers.Finally,figuresclosetotheFrenchgovernmenthavemurmured,euro-zonemembersshouldagreetosomefiscalandsocialharmonisation:e.g.,curbingcompetitionincor