European Leaders Adopt Second Greek Bailout

 　　European leaders have adopted another package of measures aimed at preventing Greece from defaulting on its huge public debt and stabilizing¹ the common European currency.

　　The European Union and the International Monetary² Fund said Thursday they will give Greece a second bailout worth about $155 billion.  In addition, Greece will get voluntary loans from the private sector³ to help cover the financial gap.

　　Officials from the continent's 17 nations that use the euro met in Brussels Thursday.  After the meeting,  European Union President Herman van Rompuy and European Commission President Jose Manuel Barroso said participants unanimously supported a package they called a Marshall Plan for Greece to ensure the sustainability of its debt and prevent the crisis from spreading.

　　Greek Prime Minister Georgios Papandreou hailed the package as a solution that's good for the Greek people as well as for businesses.

　　IMF Director Christine Lagarde praised the determination of euro zone countries to support Greece and other struggling European economies.

　　In the past year, Greece - and later, Ireland and Portugal - were forced to secure international financial assistance from their European neighbors and the International Monetary Fund.  But Greece, even after adopting austerity measures to cut spending and raise taxes, said it needs another bailout of about the same size as last year's $156 billion figure.

　　Leaders of the European countries using the euro said they have agreed on measures to prevent future crisis from occurring instead of acting⁴ after it happens.

　　They said Greece is expected to receive an estimated $53 billion credit from the private sector, to ensure that Greek banks can operate within the euro system.  But those contributions will be voluntary.  Euro zone leaders also pledged to provide adequate resources to re-capitalize Greek banks if needed.

　　But they stressed that private sector will not be involved in financial bailouts for other euro zone countries.  Barroso stressed that Greece is an exceptional case that requires a unique solution.

　　In a statement, the leaders of 17 euro countries and their financial institutions said they are determined⁵ to continue to provide support to countries under EU financial aid programs, provided they commit to implement⁶ the necessary reforms.  They welcomed Ireland's and Portugal's resolve to implement their austerity programs.

1 stabilizing   

n.稳定化处理[退火]v.（使）稳定， （使）稳固( stabilize的现在分词 )

参考例句：

• The disulfide bridges might then be viewed primarily as stabilizing components. 二硫桥可以被看作是初级的稳定因素。 来自辞典例句
• These stabilizing design changes are usually not desirable for steady-state operation. 这些增加稳定性的设计改变通常不太符合稳态工作的要求。 来自辞典例句

2 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

3 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

4 acting   

n.演戏，行为，假装；adj.代理的，临时的，演出用的

参考例句：

• Ignore her,she's just acting.别理她，她只是假装的。
• During the seventies,her acting career was in eclipse.在七十年代，她的表演生涯黯然失色。

5 determined   

adj.坚定的；有决心的

参考例句：

• I have determined on going to Tibet after graduation.我已决定毕业后去西藏。
• He determined to view the rooms behind the office.他决定查看一下办公室后面的房间。

6 implement   

n.(pl.)工具，器具；vt.实行，实施，执行

参考例句：

• Don't undertake a project unless you can implement it.不要承担一项计划，除非你能完成这项计划。
• The best implement for digging a garden is a spade.在花园里挖土的最好工具是铁锹。