首页
外语
计算机
考研
公务员
职业资格
财经
工程
司法
医学
专升本
自考
实用职业技能
登录
外语
Never has a straitjacket seemed so ill-fitting or so insecure. The Euro area’s "stability and growth pact" was supposed to stop
Never has a straitjacket seemed so ill-fitting or so insecure. The Euro area’s "stability and growth pact" was supposed to stop
admin
2012-05-18
58
问题
Never has a straitjacket seemed so ill-fitting or so insecure. The Euro area’s "stability and growth pact" was supposed to stop irresponsible member states running excessive budget deficits, defined as 3% of GDP or more. Chief among the restraints was the threat of large fines if member governments breached the limit for three years in a row. For some time now, no one has seriously believed those restraints would hold. In the early hours of Tuesday November 25th, the Euro’s fiscal straitjacket finally came apart at the seams.
The pact’s fate was sealed over an extended dinner meeting of the Euro area’s 12 finance ministers. They chewed over the sorry fiscal record of the Euro’s two largest members, France and Germany. Both governments ran deficits of more than 3% of GDP last year and will do so again this year. Both expect to breach the limit for the third time in 2004. Earlier this year the European Commission, which polices the pact, agreed to give both countries an extra year, until 2005, to bring their deficits back into line. But it also instructed them to revisit their budget plans for 2004 and make extra cuts. France was asked to cut its underlying, cyclically adjusted deficit by a full 1% of GDP, Germany by 1. 8%. Both resisted.
Under the pact’s hales, the commission’s prescriptions have no force until formally endorsed in a vote by the Euro area’s finance ministers, known as the "Eurogroup". And the votes were simply not there. Instead, the Eurogroup agreed on a set of proposals of its own, drawn up by the Italian finance minister, Giulio Tre-monti. France will cut its structural deficit by 1. 8% of GDP next year, Germany by 0.6%. In 2005, both will bring their deficits below 3% , economic growth permitting. Nothing will enforce or guarantee this agreement except France and Germany’s word. The European Central Bank (ECB) was alarmed at this outcome, the commission was dismayed, and the smaller Euro-area countries who opposed the deal were apoplectic: treaty law was giving way to the "Franco-German steamroller" , as Le Figaro, a French newspaper, put it
This anger will sour European politics and may spill over into negotiations on a proposed EU constitution. Having thrown their weight around this week, France and Germany may find other smaller members more reluctant than ever to give ground in the negotiations on the document The EU’s midsized countries also hope to capitalize on this ressentiment Spain opposes the draft constitution because it will give it substantially less voting weight than it currently enjoys. It sided against France and Germany on Tuesday, and will point to their fiscal transgressions to show that the EU’s big countries do not deserve the extra power the proposed constitution will give them.
The fate of the Eurogroup’s prescriptions is manifested in the fact that France and Germany______
选项
A、refuse to follow its instructions.
B、side against smaller countries.
C、readdress their budget deficits.
D、bring their deficits back into line.
答案
A
解析
题干问:“欧盟规定的命运在事实中表现出来,这一事实是法国和德国……”。正确选项为A“拒绝遵从它的规定”,此题定位于第2自然段,且第3自然段也讲到了这一点。而选项B“反对一些小国家”,选项C“重新考虑它们的财政赤字”和选项D“将财政赤字降到限额内”都不符合题干的要求。
转载请注明原文地址:https://kaotiyun.com/show/pPnO777K
0
考博英语
相关试题推荐
Thelivelihoodofeachspeciesinthevastandintricateassemblageoflivingthingsdependsontheexistenceofotherorganisms
Discontentwiththecostand(sometimes)impersonaldeliveryofhealthcare(hasfueled)growthin(alternative)medicine,nowa
"Imusthaveeatensomethingwrong.Ifeellike______Wetoldyounottoeatatarestaurant.You’dbetter______athomewhen
Hequickly______behindthebuildingtoavoidbeinghurtbythestonesthrowninhisdirection.
Giventhechoicebetweenspendinganeveningwithfriendsandtakingextratimeforhisschool-work,AndyKliseadmitshewould
Icanthinkofnothingmore______thanarrivingatthetheateranddiscoveringthatIhavelefttheticketsathome.
Theydon’twanttobeinvolvedinthedispute,sotheyexhibit______onsuchmatters.
Engineeringstudentsaresupposedtobeexamplesofpracticalityandrationality,butwhenitcomestomycollegeeducationIam
Ultimately,thebetterteamdidnotwinthegame.
随机试题
患者,男性,75岁。半身不遂,患肢僵硬,拘挛变形,肢体肌肉萎缩,舌强不语,舌红脉细,或舌淡红,脉沉细。诊断为中风。本证治疗时采用的治法为
口疮是指
癌的组织学类型中,肿瘤细胞异型性小,有较多癌珠形成的是
呼吸机治疗呼吸衰竭时的目的不包括
某电力用户有若干10kV车间变电所,供电系统见下图,给定条件如下:(1)35kV线路电源侧短路容量无限大。(2)35/10kV变电站10kV母线短路容量104MVA。(3)车间A、B和C变电所10kV母线短路容量分别为102MVA、100MVA、9
影响选择金属球罐拼装方法的因素有( )。
纳税人未按规定的期限办理税务登记手续,情节较为严重的,可处以( )的罚款。
2,3,7,16,65,321,()
Thenewlyinstalledalarmsystem,whichisdirectlyconnectedtothepolice,willgooffifthecorrectsecuritycodeisnotent
当事人在保证合同中约定,债务人不履行债务时,由保证人承担责任的,为连带责任保证。()
最新回复
(
0
)