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题目
As well as those chronic problems, the EU face an acute crisis in its economic core, the 16 countries that use the single currency. Markets have lost faith that the euro zone's economies, weaker or stronger, will one day converge thanks to the discipline of sharing a single currency, which denies uncompetitive members the quick fix of devaluation.
Yet the debate about how to save Europe's single currency from disintegration is stuck. It is stuck because the euro zone's dominant powers, France and Germany, agree on the need for greater harmonisation within the euro zone, but disagree about what to harmonies.
Germany thinks the euro must be saved by stricter rules on borrowing, spending and competitiveness, barked by quasi-automatic sanctions for governments that do not obey. These might include threats to freeze EU funds for poorer regions and EU mega-projects, and even the suspension of a country's voting rights in EU ministerial councils. It insists that economic co-ordination should involve all 27 members of the EU club, among whom there is a small majority for free-market liberalism and economic rigour ; in the inner core alone, Germany fears, a small majority favour French interference.
A "southern" camp headed by French wants something different: "European economic government" within an inner core of euro-zone members. Translated, that means politicians intervening in monetary policy and a system of redistribution from richer to poorer members, via cheaper borrowing for governments through common Eurobonds or complete fiscal transfers. Finally, figures close to the French, government have murmured, euro-zone members should agree to some fiscal and social harmonisation: e. g. , curbing competition in corporate-tax rates or labour costs.
It is too soon to write off the EU. It remains the world's largest trading block. At its best, the European project is remarkably liberal: built around a single market of 27 rich and poor countries, its internal borders are far more open to goods, capital and labour than any comparable trading area. It is an ambitious attempt to blunt the sharpest edges of globalisation, and make capitalism benign.
The EU is faced with so many problems that_________.
A．it has more or less lost faith in markets
B．even its supporters begin to feel concerned
C．some of its member countries plan to abandon euro
D．it intends to deny the possibility of devaluation
更多“Will the European Union make it？ The question would have sounded strange not long ago. Now”相关的问题
第1题
A．The discussion.
B．The European Union team.
C．The European Union deputy foreign ministers.
D．The UN investigation.
第3题
A．The discussion.
B．The European Union team.
C．The European Union deputy foreign ministers.
D．The UN investigation.
第4题
A．To cut down on the US military presence in Europe.
B．To increase the European Union's military influence.
C．To make combined efforts to sustain its economic growth.
D．To take concrete actions to stop arms race.
第5题
A recent study by the Center for Economic Policy Research says that, in order to ease imbalances, the European Union needs to make changes while the United States has to spend more and save less.
A．正确
B．错误
第6题
From the passage, we can infer that ______.
A．all European nations are eager to become members of the European Monetary Union
B．there is much uncertainty for the success of the Euro
C．the euro will make critical contributions to a unified European
D．it is not a wise idea to have the euro as a standard currency in such a hurry
第7题
•Road the article about the European Monetary Union and the questions below.
•For each question 15—20, mark one letter (A, B, C or D) for the answer you choose.
With euro bills and coins now circulating across much of Europe, the European Monetary Union is fully in place. The post-World War Ⅱ European leaders' dream of an economically and politically unified continent is one large step closer to realization, and membership in the monetary union could easily grow to 20 or more countries from the current 12 as the large European Union expands to the east. A fully operational European Monetary Union does not come, however, with a guarantee of success. There is one enormous problem: This union creates a single monetary policy for group of quite different national economies that often experience divergent business-cycle patterns.
As long as business-cycle conditions differ significantly among European Monetary Union countries, there is no way for the central bank's policies to avoid creating serious problems for some members. The patterns of economic ups and downs remain far more diverse in the European Monetary Union countries, and it is not clear that this will change soon. The designers of the monetary union thought that the demand of a single monetary policy, combined with free trade a mong the members, would cause cyclical conditions to converge quickly, producing a unified group of economies.
A 1997 agreement also limits the power of the individual nations in the European Monetary Union to use government spending or tax cuts to ease national downturns. They can be fined if they run budget deficits of more than 3 percent of their gross domestic products. No fines have been levied yet, but the threat is there.
Even if the economies of the original European Monetary Union members become more similar in their cyclical behavior, it will take far longer for the convergence to include the new member nations expected to come in within the next 10 or 15 years. The chances for consensus on the Governing Council, however thin now, will become far more distant with more members representing divergent national economies. And the larger nations, like Germany, France and Italy, might well resent the power of representatives from much smaller nations to outvote them on monetary policy.
All of this does not mean that the European Monetary Union is likely to fail. But clearly the arrival of the euro as the standard currency does net guarantee the union's success.
According to Para 1, which of the following is true？
A．The euro has become exclusively universal currency now.
B．The dream of a unified European union has become a reality.
C．The European Monetary Union is affiliated to the European Onion.
D．There are 20 member nations in the European Monetary Union.
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