日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

English 中文網 漫畫網 愛新聞iNews 翻譯論壇
中國網站品牌欄目(頻道)
當前位置: Language Tips> Audio & Video> 新聞播報> Special Speed News VOA慢速

How a promise to guarantee bad debts came to haunt Ireland

[ 2010-11-26 12:36]     字號 [] [] []  
免費訂閱30天China Daily雙語新聞手機報:移動用戶編輯短信CD至106580009009

This is the VOA Special English Economics Report.

On Wednesday, Ireland's Prime Minister Brian Cowen announced measures to cut the biggest budget deficit in Europe.

BRIAN COWEN: "Today we've come to announce a four-year plan, between now and 2014. It's to bring certainty for our people. It's to ensure they have hope for the future."

The plan aims to cut spending and raise taxes by 20 billion dollars. These austerity measures are a step toward getting aid from the European Union and the International Monetary Fund.

But Mr. Cowen's government could fall before next year's budget is passed.

The government asked for help Sunday after weeks of saying it did not need any. The EU and the IMF are expected to provide about 115 billion dollars -- or about half of Ireland's economy.

Ireland got into trouble by guaranteeing the debts of its banks during the world financial crisis two years ago. That promise has now cost over 60 billion dollars.

Roisin O'Sullivan is an economics professor at Smith College in Massachusetts and a former economist at the Central Bank of Ireland.

ROISIN O'SULLIVAN: "What was different about the Irish approach was that all deposits were guaranteed and bondholders, investors that had bought bonds in these banks, also received the government guarantee. This was a more extensive bailout than most countries pursued."

Professor O'Sullivan says Irish bankers and banking supervisors had too close of a relationship.

Ireland was known as the "Celtic Tiger" in the 1990s. Its educated, English-speaking workers and low taxes appealed to foreign companies. Its economy grew quickly.

But foreign investment and low interest rates inflated a property bubble, raising prices to levels that could not be supported. Bad property loans hit hard at Ireland's main banks. Unemployment is over 13 percent.

Ireland's bank bailout and government spending have expanded this year's deficit to more than 30 percent of gross domestic product. This is ten times the EU limit for a deficit in relation to the size of an economy, as measured by GDP.

But John James at Pace University in New York state says there is little the European Union can do. Germany and France want to give the European Commission more power over national budgets. For now, rescues by the European Central Bank and other lenders are the only answer in a debt crisis.

EU officials want to complete the Irish aid plan quickly. They want to be ready in case of more bad news from economies like Greece, Portugal and Spain.

And that's the VOA Special English Economics Report, written by Mario Ritter. I'm Steve Ember.

Related stories:

Immigration to Europe drops, in global economic downturn

愛爾蘭推出“危機生存指南”

Greeks in America react to Greek financial crisis

Debt crisis spreads beyond Greece

(來源:VOA 編輯:陳丹妮)

 
中國日報網英語點津版權說明:凡注明來源為“中國日報網英語點津:XXX(署名)”的原創作品,除與中國日報網簽署英語點津內容授權協議的網站外,其他任何網站或單位未經允許不得非法盜鏈、轉載和使用,違者必究。如需使用,請與010-84883631聯系;凡本網注明“來源:XXX(非英語點津)”的作品,均轉載自其它媒體,目的在于傳播更多信息,其他媒體如需轉載,請與稿件來源方聯系,如產生任何問題與本網無關;本網所發布的歌曲、電影片段,版權歸原作者所有,僅供學習與研究,如果侵權,請提供版權證明,以便盡快刪除。
 

關注和訂閱

人氣排行

翻譯服務

中國日報網翻譯工作室

我們提供:媒體、文化、財經法律等專業領域的中英互譯服務
電話:010-84883468
郵件:[email protected]
 
 
主站蜘蛛池模板: 久久久一区二区三区精品 | 久久亚洲高清 | 天天射网站 | 日穴视频在线观看 | 亚洲精品麻豆 | 欧美精品成人a多人在线观看 | 亚洲一区二区三区免费在线观看 | 亚洲一区二区三区首页 | 日韩第3页 | 欧美综合国产精品久久丁香 | 亚洲精品久久国产高清 | 欧美亚洲视频在线观看 | 久久精品国内一区二区三区 | 免费观看成人毛片A片2008 | 亚洲综合区 | 久久国产视频网 | 午夜视频免费 | 亚洲国产精品成人 | 欧美一级二级三级 | 一区二区三区回区在观看免费视频 | 欧美video| 国产精品男人的天堂 | 欧美成人精品一区二区男人看 | 久久国产视频网 | 天天操2018 | 自拍偷拍亚洲一区 | 91成人| 欧美日韩一区二区三区免费视频 | 天天干夜夜夜 | 色精品 | 午夜影院试看 | 日日爽 | 98精品国产高清在线xxxx | 丁香六月婷婷在线 | 免费在线一区二区三区 | 久久精品一本到99热免费 | 亚洲精品人成网在线播放影院 | 午夜影院a | 亚洲精品一区二区 | 日日爽视频 | 午夜精品在线播放 |