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(单词翻译:双击或拖选)
In his strongest comments yet, Federal Reserve Board Chairman Ben Bernanke says strengthened regulation of financial markets is required to stem excessive risk taking.
Federal Reserve Chairman Ben Bernanke speaks at the Council on Foreign Relations in Washington, 10 Mar1 2009
Chairman Bernanke says there must be greater oversight2 of banks, mutual3 funds, and other financial institutions. In remarks at the Council on Foreign Relations in Washington, Bernanke called for a unified4 approach to replace the existing system of fragmented and often weak regulation.
Last week, Bernanke complained that some high-risk financial derivatives5 like credit-default swaps6 were completely unregulated. Excessive risk taking has been identified as a principal cause of the credit squeeze that has evolved into a financial crisis and global recession.
"It has surprised us in being more severe than we anticipated. But again, I think the main lesson that has been learned is how powerful and pervasive7 these financial market effects can be," Bernanke said.
The priority of policy makers8, said Bernanke, must be repairing the financial system so that banks and other institutions regain9 strength and resume normal lending. He said such action is a pre-condition for economic recovery.
"If we can do that, then I think there is a good chance that the recession will end later this year and that 2010 will be a period of growth," he said.
IMF Managing Director Dominique Strauss-Kahn addressing conference in Dar es Salaam10, Tanzania on impact of global economic crisis on Africa (10 Mar 2009)
Looking ahead to the emergency meeting of leaders of 20 advanced and developing economies next month in London, Bernanke said coordinated11 strategies are needed to combat the worst global downturn in 40 years.
Meanwhile, in Tanzania, the head of the International Monetary12 Fund, Dominique Strauss-Kahn, said the global crisis is only now beginning to impact the world's poorest countries. He said the slowdown could result in millions being thrown back into poverty.
Addressing a conference on African development, Strauss-Kahn said economic growth in Africa is likely to fall back to the three-percent range, half the average of what was achieved during the past five years.
1 mar | |
vt.破坏,毁坏,弄糟 | |
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2 oversight | |
n.勘漏,失察,疏忽 | |
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3 mutual | |
adj.相互的,彼此的;共同的,共有的 | |
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4 unified | |
(unify 的过去式和过去分词); 统一的; 统一标准的; 一元化的 | |
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5 derivatives | |
n.衍生性金融商品;派生物,引出物( derivative的名词复数 );导数 | |
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6 swaps | |
交换( swap的名词复数 ); 交换物,被掉换者 | |
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7 pervasive | |
adj.普遍的;遍布的,(到处)弥漫的;渗透性的 | |
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8 makers | |
n.制造者,制造商(maker的复数形式) | |
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9 regain | |
vt.重新获得,收复,恢复 | |
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10 salaam | |
n.额手之礼,问安,敬礼;v.行额手礼 | |
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11 coordinated | |
adj.协调的 | |
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12 monetary | |
adj.货币的,钱的;通货的;金融的;财政的 | |
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