Eurozone Finance Chiefs Fall Short on Bailout Fund

 　　European finance ministers have failed to raise $261 billion to help contain the continent's governmental debt crisis.

　　Finance chiefs from the 17 nations that use the euro agreed Monday to raise $195 billion from eurozone central banks to help the International Monetary¹ Fund boost its European assistance. In a conference call, however, the finance ministers were unable to secure the rest of the money from European Union countries with separate currencies.

　　Leading the opposition², Britain said it would not contribute to any IMF fund that was only available to the eurozone nations. Britain was the lone³ dissenter⁴ in a continent-wide agreement earlier this month to impose tighter budget controls on individual governments.

　　Four other European countries outside the eurozone - Denmark, Poland, the Czech Republic and Sweden - agreed to contribute.

　　IMF money may be needed

　　The IMF money could be needed to help rescue Italy and Spain, the eurozone's third and fourth largest economies, respectively, if either defaults on its debts.

　　Despite the latest setback⁵, European Central Bank President Mario Draghi said Europe will not abandon the euro.

　　"I have no doubt whatsoever⁶ about the strength of the euro, about its permanence, about its irreversibility. Let's not forget, this was a key word at the time of the Maastricht treaty. The one currency is irreversible," said Draghi.

　　The eurozone finance leaders also worked on details of the fiscal⁷ compact to control deficit⁹ spending they agreed to earlier this month, a pact⁸ supported by nine other European Union nations that have separate currencies, but not Britain.

　　Detailing deficit spending

　　The UN Conference on Trade and Development, in a new report, underscored Europe's economic plight¹⁰. It said the continent faces a full-fledged recession next year and prospects¹¹ for the world economy are bleak¹². The UN agency said world leaders need to stimulate¹³ economic growth, but instead are choosing austerity measures that raise the chance of a global recession.

　　Financial markets initially¹⁴ welcomed the European debt crisis agreement. But since then they have grown skeptical¹⁵ that IMF funding will be large enough to handle a new bailout crisis that could be much larger than those already faced by Greece, Ireland and Portugal.

　　In Madrid, Spain's next prime minister, Mariano Rajoy, vowed¹⁶ to trim the government's deficit by more than $21 billion in 2012. Rajoy, slated¹⁷ to assume office this week, detailed¹⁸ a variety of austerity measures in a speech to Parliament.

　　Rajoy warned that hard times lay ahead for Spain, though, with its unemployment rate at a staggering 23 percent. He said the "panorama¹⁹ could not be more somber²⁰."

1 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。

2 opposition   

n.反对，敌对

参考例句：

• The party leader is facing opposition in his own backyard.该党领袖在自己的党內遇到了反对。
• The police tried to break down the prisoner's opposition.警察设法制住了那个囚犯的反抗。

3 lone   

adj.孤寂的，单独的；唯一的

参考例句：

• A lone sea gull flew across the sky.一只孤独的海鸥在空中飞过。
• She could see a lone figure on the deserted beach.她在空旷的海滩上能看到一个孤独的身影。

4 dissenter   

n.反对者

参考例句：

• The role of the dissenter is not for the weak-kneed.反对者的角色不是软弱之人所能够担当的。
• The Party does not tolerate dissenters in its ranks.该政党不允许其成员中存在异见分子。

5 setback   

n.退步，挫折，挫败

参考例句：

• Since that time there has never been any setback in his career.从那时起他在事业上一直没有遇到周折。
• She views every minor setback as a disaster.她把每个较小的挫折都看成重大灾难。

6 whatsoever   

adv.（用于否定句中以加强语气）任何；pron.无论什么

参考例句：

• There's no reason whatsoever to turn down this suggestion.没有任何理由拒绝这个建议。
• All things whatsoever ye would that men should do to you,do ye even so to them.你想别人对你怎样，你就怎样对人。

7 fiscal   

adj.财政的，会计的，国库的，国库岁入的

参考例句：

• The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
• The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。

8 pact   

n.合同，条约，公约，协定

参考例句：

• The two opposition parties made an electoral pact.那两个反对党订了一个有关选举的协定。
• The trade pact between those two countries came to an end.那两国的通商协定宣告结束。

9 deficit   

n.亏空，亏损；赤字，逆差

参考例句：

• The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
• We have a great deficit this year.我们今年有很大亏损。

10 plight   

n.困境，境况，誓约，艰难；vt.宣誓，保证，约定

参考例句：

• The leader was much concerned over the plight of the refugees.那位领袖对难民的困境很担忧。
• She was in a most helpless plight.她真不知如何是好。

11 prospects   

n.希望，前途(恒为复数)

参考例句：

• There is a mood of pessimism in the company about future job prospects. 公司中有一种对工作前景悲观的情绪。
• They are less sanguine about the company's long-term prospects. 他们对公司的远景不那么乐观。

12 bleak   

adj.(天气)阴冷的；凄凉的；暗淡的

参考例句：

• They showed me into a bleak waiting room.他们引我来到一间阴冷的会客室。
• The company's prospects look pretty bleak.这家公司的前景异常暗淡。

13 stimulate   

vt.刺激，使兴奋；激励，使…振奋

参考例句：

• Your encouragement will stimulate me to further efforts.你的鼓励会激发我进一步努力。
• Success will stimulate the people for fresh efforts.成功能鼓舞人们去作新的努力。

14 initially   

adv.最初，开始

参考例句：

• The ban was initially opposed by the US.这一禁令首先遭到美国的反对。
• Feathers initially developed from insect scales.羽毛最初由昆虫的翅瓣演化而来。

15 skeptical   

adj.怀疑的，多疑的

参考例句：

• Others here are more skeptical about the chances for justice being done.这里的其他人更为怀疑正义能否得到伸张。
• Her look was skeptical and resigned.她的表情是将信将疑而又无可奈何。

16 vowed   

起誓，发誓（vow的过去式与过去分词形式）

参考例句：

• He vowed quite solemnly that he would carry out his promise. 他非常庄严地发誓要实现他的诺言。
• I vowed to do more of the cooking myself. 我发誓自己要多动手做饭。

17 slated   

用石板瓦盖( slate的过去式和过去分词 )

参考例句：

• Yuki is working up an in-home phonics program slated for Thursdays, and I'm drilling her on English conversation at dinnertime. Yuki每周四还有一次家庭语音课。我在晚餐时训练她的英语口语。
• Bromfield was slated to become U.S. Secretary of Agriculture. 布罗姆菲尔德被提名为美国农业部长。

18 detailed   

adj.详细的，详尽的，极注意细节的，完全的

参考例句：

• He had made a detailed study of the terrain.他对地形作了缜密的研究。
• A detailed list of our publications is available on request.我们的出版物有一份详细的目录备索。

19 panorama   

n.全景，全景画，全景摄影，全景照片[装置]

参考例句：

• A vast panorama of the valley lay before us.山谷的广阔全景展现在我们面前。
• A flourishing and prosperous panorama spread out before our eyes.一派欣欣向荣的景象展现在我们的眼前。

20 somber   

adj.昏暗的，阴天的，阴森的，忧郁的

参考例句：

• He had a somber expression on his face.他面容忧郁。
• His coat was a somber brown.他的衣服是暗棕色的。