VOA慢速英語(yǔ):Pressure in Europe Builds for Banking Reform

The company said it acted because Spain is borrowing about one hundred twenty-five billion dollars in rescue loans for its banks.
該公司稱(chēng)調(diào)低的原因是因?yàn)槲靼嘌澜枇私?250億美元的救援貸款用于其銀行。

Debt markets punished Spain by pushing up the interest rate on its long-term debt to about six point eight percent. That increases Spain's borrowing costs and hurts its already troubled economy. Spain was not the only country to get downgraded by Moody's. Cyprus got the same treatment.
債券市場(chǎng)對(duì)西班牙的懲罰是將其長(zhǎng)期債務(wù)利率推高到了6.8%左右。這提升了西班牙的借貸成本，傷害了該國(guó)本已陷入困境的經(jīng)濟(jì)。西班牙不是唯一被穆迪調(diào)低評(píng)級(jí)的國(guó)家，塞浦路斯也得到了相同的待遇。

On Wednesday, American Treasury Secretary Tim Geithner spoke at the Council on Foreign Relations in Washington. He said the increase in borrowing costs for European countries like Spain means European officials must move quickly to avoid growing costs.
上周三，美國(guó)財(cái)政部長(zhǎng)蓋特納出席華盛頓對(duì)外關(guān)系委員并發(fā)言。他說(shuō)，像西班牙等歐洲國(guó)家借貸成本的提升意味著歐洲官員必須盡快采取行動(dòng)以避免成本不斷上升。

TIM GEITHNER: "If you wait to move in these things and you let the market get ahead of you, then you increase the costs of the solution and you make it harder to get there--you get too much momentum—it's very costly. Once you decide, there's no argument for doing it slowly."
蓋特納：“如果你在這些問(wèn)題上繼續(xù)等待，讓市場(chǎng)搶在前頭，那么就會(huì)增加解決問(wèn)題的成本，并使得解決方案更難于實(shí)現(xiàn)---（成本提升的）勢(shì)頭會(huì)更大，這個(gè)代價(jià)非常昂貴。一旦你下定決心，就沒(méi)有放慢的說(shuō)法。”

Germany, Europe's largest economy, has been pushing for economic reform in the seventeen countries using the euro. But German Chancellor Angela Merkel has argued that her country is unwilling to put money at risk unless banking reform is enacted throughout the Eurozone. She warned this week that Germany's economic power was not unlimited.
歐洲最大經(jīng)濟(jì)體德國(guó)一直致力于推動(dòng)使用歐元的17個(gè)國(guó)家的經(jīng)濟(jì)改革。但德國(guó)總理默克爾堅(jiān)稱(chēng)，德國(guó)不愿意把錢(qián)置于風(fēng)險(xiǎn)中，除非整個(gè)歐元區(qū)實(shí)施銀行業(yè)改革。她本周警告說(shuō)，德國(guó)的經(jīng)濟(jì)實(shí)力并非無(wú)限的。

Earlier this month, the European Commission proposed steps toward a common banking policy. The proposals include empowering nations to intervene when their banks are in trouble. But proposed changes may also bar support for failing banks.
本月早些時(shí)候，歐盟委員會(huì)提出了邁向共同銀行業(yè)政策的一系列措施。這些建議包括，在銀行有問(wèn)題時(shí)賦予國(guó)家干預(yù)的權(quán)力。但擬議的變化可能還會(huì)禁止對(duì)瀕臨破產(chǎn)的銀行提供支持。

Some European leaders are pressing for an expanded European bailout fund. Germany has resisted providing new financial resources. But details of any deal with big European economies have yet to be decided.
一些歐洲國(guó)家領(lǐng)導(dǎo)人正加緊擴(kuò)大歐盟救助基金。德國(guó)一直拒絕提供新的財(cái)政資源。但與歐洲大經(jīng)濟(jì)體的任何協(xié)議細(xì)節(jié)尚未確定。

Europe's financial crisis is likely to be the main issue at the G-20 economic meeting in Mexico next week. Secretary Geithner is looking forward to the conference.
歐洲的金融危機(jī)極有可能成為下周在墨西哥舉行的20國(guó)集團(tuán)經(jīng)濟(jì)會(huì)議上的主要議題。蓋特納正期待著這次會(huì)議。

TIMOTHY GEITHNER: "you know, the world is waiting for them, they have a -- they have a big incentive to add as much clarity to those plans as early as they can."
蓋特納：“你知道，世界對(duì)此正充滿(mǎn)期待。這次會(huì)議有盡其可能地使得這些計(jì)劃更加明確的強(qiáng)烈動(dòng)機(jī)。”