Trouble breaks out at G20 summit

Reports said riot（骚乱） police used pepper gas and fired rubber bullets at protesters（抗议者） on a march near the venue¹.

Demonstrations² were widely expected and thousands of extra police are on duty. The previous G20 meeting, in London in April, was marred³ by clashes.

Economic stability, financial regulation, climate change and bankers' bonuses are set to top the G20 agenda.

The clashes（冲突） are thought to have begun after hundreds of protesters tried to march, without permission, towards the convention centre where the summit is being held.

'Party over'

With many major economies beginning to climb out of recession - attention will turn to when and how to withdraw government stimulus⁴ packages.

Cracking down on bankers' bonuses has popular appeal with the public, it is expected that an agreement will be reached on how that might be achieved.

US Treasury⁵ Secretary Timothy Geithner said G20 countries had reached a consensus（共识） on the "basic outline" of a proposal to limit pay and bonuses by the end of 2009.

Each country would set their own standards, he said, but that these would be overseen⁶ by the G20's Financial Stability Board - made up of central bankers and regulators.

Earlier, Chancellor⁷ of the Exchequer⁸ Alistair Darling warned bankers that the "party was over" and they must realise that the world has changed.

Balance growth

A spokesman for the White House said that financial regulatory reform was the most important agenda item for summit, but that addressing global economic imbalances was also a priority.

President Barack Obama has led a campaign to smooth out imbalances in the flow of global capital to try to secure greater long-term economic stability.

The US proposal calls on economies such as China, Brazil and India to boost domestic consumption in order to lower their trade surpluses.

Meanwhile the US and Europe would encourage more saving to reduce long-term budget deficits（赤字）.

Director of the US president's National Economic Council, Larry Summers, said that a "balancing global growth approach" of said that there would have to be changes in

"The US can't, should not and won't continue to experience the consumption-led growth driving very high volumes of imports and lending impulse to the rest of the world economy," he told the BBC.

"That's not a sustainable financial situation for the US and that's why we're in the process of adjusting."

Other discussions will involve the continuation of talks over whether countries such as China, India and Brazil should have greater say on the board of the International Monetary⁹ Fund (IMF). (本文由在线英语听力室整理编辑)

1 venue   

n.犯罪地点，审判地，管辖地，发生地点，集合地点

参考例句：

• The hall provided a venue for weddings and other functions.大厅给婚礼和其他社会活动提供了场所。
• The chosen venue caused great controversy among the people.人们就审判地点的问题产生了极大的争议。

2 demonstrations   

证明( demonstration的名词复数 )； 表明； 表达； 游行示威

参考例句：

• Lectures will be interspersed with practical demonstrations. 讲课中将不时插入实际示范。
• The new military government has banned strikes and demonstrations. 新的军人政府禁止罢工和示威活动。

3 marred   

adj. 被损毁, 污损的

参考例句：

• The game was marred by the behaviour of drunken fans. 喝醉了的球迷行为不轨，把比赛给搅了。
• Bad diction marred the effectiveness of his speech. 措词不当影响了他演说的效果。

4 stimulus   

n.刺激，刺激物，促进因素，引起兴奋的事物

参考例句：

• Regard each failure as a stimulus to further efforts.把每次失利看成对进一步努力的激励。
• Light is a stimulus to growth in plants.光是促进植物生长的一个因素。

5 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。

6 overseen   

v.监督，监视( oversee的过去分词 )

参考例句：

• He was overseen stealing the letters. 他被人撞见在偷信件。 来自辞典例句
• It will be overseen by ThomasLi, director of IBM China Research Laboratory. 该实验室由IBM中国研究院院长李实恭(ThomasLi)引导。 来自互联网

7 chancellor   

n.(英)大臣；法官；(德、奥)总理；大学校长

参考例句：

• They submitted their reports to the Chancellor yesterday.他们昨天向财政大臣递交了报告。
• He was regarded as the most successful Chancellor of modern times.他被认为是现代最成功的财政大臣。

8 exchequer   

n.财政部；国库

参考例句：

• In Britain the Chancellor of the Exchequer deals with taxes and government spending.英国的财政大臣负责税务和政府的开支。
• This resulted in a considerable loss to the exchequer.这使国库遭受了重大损失。

9 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。