澳洲新闻 (ABC新闻快递) 2012-05-16

 One of Australia's pre-eminent boardman Stock... has given a frank assessment¹ to Europe's financial problems, saying he never believes the euro would succeed. Former treasury² head and reserve bank boardman says the euro was compromised from the very beginning. 

Personally I've never seen how the euro would, I've never seen how it could be expected to work without the genuine one for.. union. People in Australia understand that without our system our horizontal fiscal³ recognization will that fiscal transfers from one state to another state. This federation⁴ was simply not hanging together. It's not why would upon together. In the weather of tax without that system of fiscal transfers among jurisdictions⁵. People understand that. People in Europe have not understaood that. And they need to understand it. The question is whether it's too late. Cam Henry Balos. 

Let's go to the markets. And the Dow Jones just closed 63 points lower overnight, the NASDAQ dropped 9, the S&P 500 also fell slightly. And in London the FETE lost 28 points. To commodity markets. West Tax Crude is trading at 93 US dollars and 95 cents a barrel. Tapies Crude is 118 US dollars and 89 cents a barrel. And gold is 1543 US dollars an ounce. The Australian dollar is still below parity⁶ at 99 US cents, 78 euro cents and 62 pence in sterling⁷. 

1 assessment   

n.评价；评估；对财产的估价，被估定的金额

参考例句：

• This is a very perceptive assessment of the situation.这是一个对该情况的极富洞察力的评价。
• What is your assessment of the situation?你对时局的看法如何？

2 treasury   

n.宝库；国库，金库；文库

参考例句：

• The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
• This book is a treasury of useful information.这本书是有价值的信息宝库。

3 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。

4 federation   

n.同盟，联邦，联合，联盟，联合会

参考例句：

• It is a federation of 10 regional unions.它是由十个地方工会结合成的联合会。
• Mr.Putin was inaugurated as the President of the Russian Federation.普京正式就任俄罗斯联邦总统。

5 jurisdictions   

司法权( jurisdiction的名词复数 )； 裁判权； 管辖区域； 管辖范围

参考例句：

• Butler entreated him to remember the act abolishing the heritable jurisdictions. 巴特勒提醒他注意废除世袭审判权的国会法令。
• James I personally adjudicated between the two jurisdictions. 詹姆士一世亲自裁定双方纠纷。

6 parity   

n.平价，等价，比价，对等

参考例句：

• The two currencies have now reached parity.这两种货币现已达到同等价值。
• Women have yet to achieve wage or occupational parity in many fields.女性在很多领域还没能争取到薪金、职位方面的平等。

7 sterling   

adj.英币的(纯粹的，货真价实的)；n.英国货币(英镑)

参考例句：

• Could you tell me the current rate for sterling, please?能否请您告诉我现行英国货币的兑换率？
• Sterling has recently been strong,which will help to abate inflationary pressures.英国货币最近非常坚挺，这有助于减轻通胀压力。