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Viewed from one perspective, the euro area is a minor miracle. Instead of collapsing in a heap, as seemed possible two years ago
Viewed from one perspective, the euro area is a minor miracle. Instead of collapsing in a heap, as seemed possible two years ago
admin
2016-03-21
45
问题
Viewed from one perspective, the euro area is a minor miracle. Instead of collapsing in a heap, as seemed possible two years ago, the currency club is not just intact but has a new member, Latvia, which joined in January. An economic recovery has been under way since last spring and appears to be strengthening. But seen from another standpoint the euro zone is an accident waiting to happen. As inflation slips ever lower, a slide into Japanese-style deflation looks increasingly likely. That would raise an already heavy debt burden in real terms and pull down growth.
The actions of the European Central Bank will be crucial if such an outcome is to be avoided. The ECB’s mission is to achieve price stability, and since 2003 it has interpreted this to mean an inflation rate over the medium term of "below but close to" 2%. Yet despite a fall in annual inflation to just 0. 5% in March,
the central bank was expected to hold its fire
when its council met on April 3rd. Previously, it had lowered the main policy rate to 0. 25% in November.
One reason for the ECB to wait was that underlying inflation, excluding more unstable elements such as energy and food, has been broadly stable over the past six months, at around 0. 8%. The council also sees grounds for being patient and allowing its very low interest rates to take effect. It thinks that the recovery, which started in the second quarter of 2013 after a double-dip recession lasting a year and a half, should eventually bring inflation back towards the target.
Indeed, the once-sickly euro zone is losing some of its pallor. The recovery, though feeble, has nonetheless been sustained. Output rose by 0. 3% in the second quarter of 2013, and although growth slowed to 0. 1% in the third, it picked up to 0. 2% in the fourth. More important, there are signs that the pace may be accelerating this year.
The best title for the text is______.
选项
A、Euro Zone: Time to Dismiss
B、Euro Zone: Come Back to Life
C、Euro Zone: Inflation or Deflation?
D、European Central Bank: Ready to Intervene?
答案
B
解析
文章首段指出:欧元区经济逐渐恢复,但是有通货紧缩的危险;第二段指出:欧洲中央银行的调控至关重要;第三段讨论中央银行未采取行动的原因;第四段指出:欧元区经济自行恢复,虽然缓慢但是稳定持续,与首段呼应。选项[A]“欧元区:是时候解散了”不是原文提到的主题,原文对于欧元区的前景还是比较乐观的。选项[B]“欧元区:恢复生气”与首尾段内容相符,虽然中间两段提到欧洲中央银行,但仅为欧元区这一话题服务,该项正确。选项[C]“欧元区:通货膨胀还是通货紧缩?”与全文讲述的“经济恢复”主题不符。选项[D]“欧洲中央银行:准备好干预了吗?”只能概括第二、三两段,目的也是为“欧元区经济恢复”服务,故而错误。综上,本题答案为[B]。
转载请注明原文地址:https://kaotiyun.com/show/gasZ777K
0
考研英语一
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