CNN 2011-10-30

 First up, representatives from around the European Union are meeting again in Belgium. They're trying to come up with a plan to deal with the debt crisis facing the Euro zone. The Euro zone covers the 17 nations that use the Euro as their currency. Leaders from all 27 EU countries met in Brussels last weekend to talk about possible solutions to this. They're focused on three challenges, making Europe's banks stronger, making a bailout fund more effective and restructuring Greece's massive debt. F.S helps us dig a little deeper into this Euro zone debt crisis. And how it could affect a lot more than just Europe. Who's in crisis? Well, everyone is in crisis because it's not just the Euro zone countries, it's the European Union. And if Europe economy goes south, and the rest of the world economy goes south, and it's already in trouble. 

It began with really the increase of level of debt of countries, of individuals in countries, of borrowers from banks. And in Greece case into the countries in the European Union and Euro zone. The debt became too high to sustain.

Essentially² it's all about Greece at the moment, and it's failing debt. There are other countries that are in trouble too, but really the main architects of the Euro, and the Euro's recovery are France and Germany. Of course, the real difficulty here is that they have been deemed to be seen as being slow in trying to get a rescue package for the future, for the European Union and the Euro zone specifically. And the markets haven't been liking³ what they're seeing so far. They say they want an agreement, they say they're working on it. Particularly, when it comes to shoring up, the capitalization fund for the banks, but the markets have yet to be convinced. 

The difficulty for the Euro countries is that in order to continue to rail against debt and bail¹ their countries out, and have a successful currency. It looks as though that might have to be greater tax on fiscal⁴ monetary⁵ policy agreement. And that is something that might not go down with member states, who already believed they're suffering. And of course, the other issue is many taxpayers⁶ in Germany for example are extremely skeptical⁷ about putting their hands in the wallets again to bail out any other countries.

The buzzword is globalization. All our economies are tied. And you know, the subprime mortgage crisis obviously was something that was an international issue. And essentially, though globalization, we're all tied and connected together, we're connected together in the common issue of debt.

It's essentially about strengthening the banks and strengthening the European stability funds in order to avert⁸ potential future crises like the ones we've seen. And that really is where a lot of the discussion and the debate domestically within individual countries is centered on right now, for example, Germany. And really it is a question of political will versus⁹ the reaction of the markets, and whether markets agree with what the governments finally decide to come up with. 

The Middle Eastern nation of Yemen is next up today. It's had the same leaders since 1990. But a lot of people there want Ali Abudala Sarha out. They've been protesting for months, but there was demonstration¹⁰ yesterday that was significant. These protesters you see here are Yemeni women, they are burning their traditional veils and head scarves. That's very symbolic¹¹ in a conservative Islamic country like Yemen. The women were speaking out against government forces who've reportedly attacked protesters. Yemen's government says it's not responsible for the violence Officials blame people who want the president to quit.  

1 bail   

v.舀（水），保释；n.保证金，保释，保释人

参考例句：

• One of the prisoner's friends offered to bail him out.犯人的一个朋友答应保释他出来。
• She has been granted conditional bail.她被准予有条件保释。

2 essentially   

adv.本质上，实质上，基本上

参考例句：

• Really great men are essentially modest.真正的伟人大都很谦虚。
• She is an essentially selfish person.她本质上是个自私自利的人。

3 liking   

n.爱好；嗜好；喜欢

参考例句：

• The word palate also means taste or liking.Palate这个词也有“口味”或“嗜好”的意思。
• I must admit I have no liking for exaggeration.我必须承认我不喜欢夸大其词。

4 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。

5 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。

6 taxpayers   

纳税人，纳税的机构( taxpayer的名词复数 )

参考例句：

• Finance for education comes from taxpayers. 教育经费来自纳税人。
• She was declaiming against the waste of the taxpayers' money. 她慷慨陈词猛烈抨击对纳税人金钱的浪费。

7 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。

8 avert   

v.防止，避免；转移(目光、注意力等)

参考例句：

• He managed to avert suspicion.他设法避嫌。
• I would do what I could to avert it.我会尽力去避免发生这种情况。

9 versus   

prep.以…为对手，对；与…相比之下

参考例句：

• The big match tonight is England versus Spain.今晚的大赛是英格兰对西班牙。
• The most exciting game was Harvard versus Yale.最富紧张刺激的球赛是哈佛队对耶鲁队。

10 demonstration   

n.表明，示范，论证，示威

参考例句：

• His new book is a demonstration of his patriotism.他写的新书是他的爱国精神的证明。
• He gave a demonstration of the new technique then and there.他当场表演了这种新的操作方法。

11 symbolic   

adj.象征性的，符号的，象征主义的

参考例句：

• It is symbolic of the fighting spirit of modern womanhood.它象征着现代妇女的战斗精神。
• The Christian ceremony of baptism is a symbolic act.基督教的洗礼仪式是一种象征性的做法。