經(jīng)濟(jì)與貿(mào)易外文翻譯-資料下載頁
2025-01-08 10:44本頁面
【正文】 for Europe to make up its mind, catastrophe is in the air. It could take many forms. A country might storm out of the euro— which the treaty forbids, but who could stop a determined government? European banks might suffer a fatal loss of confidence. Italy or Spain might bee unable to borrow on decent terms. Or a government trying to impose austerity might be replaced by one that rejects it. Any of these could cause contagion and plunge the world economy into depression. A eurozone central banker confesses that he has lately been thinking about historical catastrophes such as the first world war and wondering how the world blundered into them. “From the middle of a crisis”, he says ominously, “you can see how easy it is t o make mistakes.” Economic and Moary Union (EMU) was supposed to banish the petitive devaluations that threatened the single market in the early 1990s. It promised to bind a unified Germany into the EU and pave the way for some sort of political union in Europe. Today that dream has not vanished altogether, but the single market is under threat once more. Europe’s nations are at loggerheads, Germany is in a state of outrage, and the link between the euro and the nation state is more fraught than ever. EMU truly is, writes David Marsh, author of a history of the euro, “Europe’s Melancholy Union”. “The 2022 crisis shows that the dominant economies were not as dominant as they thought,” says Dominique Strauss Kahn, the French former head of the IMF. “If E urope fails, it will suffer from low growth, economic domination and cultural domination.” Can Europe turn back from the abyss? Only if the core countries will support the rest as they submit themselves to radical political, social and economic reform. Nobody should be under any illusions about how difficult that will be.
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