Unit
Text A An Impression of Zhu Diwen - A Nobel Physics Prize Winner of
Chinese Descent
Text B The Nobel Prize: A Brief Introduction
Supplementary Reading Over to You, China
Tips英文报刊阅读（一）
Unit
Text A World Digital Library Planned
Text B Shanghai Library
Supplementary Reading The German Problem
Tips英文报刊阅读（二）
Unit
Text A Seven Proven Career Boosters
Text B You Are Fired!
Supplementary Reading Whose Lost Decade?
Tips英文报刊阅读（三）
Unit
Text A Hungry for Your Love
Text B A Kiss for Kate
Supplementary Reading Computer Network
Tips英文报刊阅读（四）
Unit
Text A Hospice Care:When Comfort, Not Cure, Is the Focus
Text B Making Your Dying Loved One More Comfortable
Supplementary Reading Fluid Mechanics in Engineering
Tips英文报刊阅读（五）
Unit
Text A Missed the Energy Crisis? We Hardly Knew Yet
Text B Tips Tricks of Saving Energy
Supplementary Reading Cloud Computing
Tips英文报刊阅读（六）
Unit
Text A Music Hath Charms to Raise Kids'' IQs
Text B Guitars and Rockets: Surprising Similarity Between
Supplementary Reading Virtual Manufacturing
Tips英文报刊阄读（七）
Unit
Text A Are We Really Shocked?
Text B Performance Drugs Outrun the Olympics
Supplementary Reading Operating System OS
Tips英文报刊阅读（八）
Unit
Text A Computer: The General Characteristics of the Four
Types
Text B The Needs Analysis of a Laptop
Supplementary Reading Stainless Steel
Tips英文报刊阅读（九）
Unit
Text A A Simple Truth about Happiness
Text B Money and Happiness
Supplementary Reading Shaper, Planer, Milling and Grinding
Machines
Tips英文报刊阅读（十）
Unit
Text A Japan: The Coolest of the Cool
Text B Unique Traditions from U. K.
Supplementary Reading E-Commerce Electronic Commerce
Unit
Text A Are Your Beauty Products Killing You?
Text B Men and Cosmetic Surgery
Supplementary Reading Numerical Control
Tips英文论文摘要范例
KeytoExerclses
Glossary
內容試閱：
The German Problem
To save the single currency, Angela Merkel must take on her own
country''seconomic establishment.
1 EVEN by Europe''s cacophonous standards, German policymakers
sent mixedsignals on the euro this week. At her party''s conference
on November 14th thechancellor, Angela Merkel, left no doubt about
the gravity of the euro crisis seeCharlemagne. "If the euro
fails, then Europe fails," she said.
2 On the same day Jens Weidmann, the president of the Bundesbank,
roiled financialmarkets with hardline comments designed to close
off options for managing the crisis.He ruled out relying on the
European Central Bank ECB as a lender of last resort
togovernments, arguing it would be illegal and wrong for the bank
to hold down bondyields. Even the current limited bond purchases
needed to stop. The only way torestore investor confidence in
countries such as Italy, he believes, is for theirgovernments to
introduce bold reforms.
3 Mr Weidmann is not a lone ideologue. Mario Draghi, the ECB''s
new Italianpresident, has ruled out acting as a lender of last
resort to governments, albeit lesscategorically. Mr Weidmann has
his supporters among the Finns and the Dutch, too.But the rigidity
of his argument is embedded in the solid rock that is
Germany''seconomic establishment, which holds that big rescues are
counterproductive becausethey both dull governments'' incentives to
act and create new dangers. Pooling risksthrough Eurobonds would
tempt dodgy southern European governments to greater.Central-bank
bond-buying would fuel inflation. Far better, goes the standard
Germanline, to remain principled and just say no.
4 And it is true that soaring bond yields, or the fear thereof,
have pushedgovernments, including France and Spain, to act. Were it
not for pressure from thebond markets, Silvio Berlusconi might have
blundered on in Italy, delaying difficultdecisions on the economy.
The Germans and others are also right to worry that a centralbank
that buys boatloads of government bonds will eventually cause
inflation. Theproblem is that the dogmatic prescriptions of the
"German orthodoxy" are pushing thesingle currency towards collapse.
If Mrs Merkel wants to save the euro, therefore, shemust challenge
her country''s economic establishment, and explain to voters why
therevered Bundesbank''s rigidity is wrong.
購物車/收銀台(0) | 在線留言板
| 付款方式
| 聯絡我們
| 運費計算
| 幫助中心 |
加入書簽
HOME
新書上架
