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(单词翻译:双击或拖选)
G8 Summit Ends with Consensus1 on Eurozone Reforms
After two days of talks at the Camp David presidential retreat outside Washington, Obama said the eight leaders acknowledge that budget cuts alone will not restore Europe’s economy.
“And there is now an emerging consensus that more must be done to promote growth and job creation right now, in the context of these fiscal2 and structural3 reforms,” the president said.
A statement from the G8 leaders called for a balance between growth and austerity to fight the economic woes4.
Obama said the leaders discussed the need for the troubled European countries to continue shrinking their deficits5 while stimulating6 economic growth.
“Today we agreed that we must take steps to boost confidence and to promote growth and demand while getting our fiscal houses in order," he said. "We agreed upon the importance of a strong and cohesive7 Eurozone, and affirmed our interest in Greece staying in the Eurozone while respecting its commitments.”
Political impact
The decisions the leaders make could have political consequences.
The main advocate of European austerity, German Chancellor8 Angela Merkel, recently saw her party defeated in a local election.
Former French President Nicolas Sarkozy, who also favored budget cuts, was voted out of office, in favor of Francois Hollande, who offered a pro-growth policy.
Many U.S. political analysts9 say a stagnant10 economy, blamed partly on Europe’s economic woes, is the biggest obstacle to Obama’s re-election in November.
“The leaders here understand the stakes," Obama noted11. "They know the magnitude of the choices they have to make, and the enormous political, economic and social costs if they do not.”
Iran
The G8 leaders also addressed the possibility of oil shortages when new sanctions against Iran’s oil exports take effect late next month.
“And in the face of increasing disruptions in the supply of oil, we agreed that we must closely monitor global energy markets," Obama said. "Together, we stand ready to call upon the International Energy Agency to take action to ensure that the market remains12 fully13 and timely supplied.”
Africa
The president hosted a meeting of the G8 leaders and the leaders of Benin, Ethiopia, Ghana and Tanzania to help improve food security in Africa.
Obama said the G8 is committed to building on its 2009 initiative that led to $22 billion in government pledges.
The president said he and his G8 counterparts made progress on numerous other international issues. Among them were Afghanistan, Syria and North Korea.
Most of the leaders have moved on to President Obama’s home city of Chicago for the NATO Summit.
1 consensus | |
n.(意见等的)一致,一致同意,共识 | |
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2 fiscal | |
adj.财政的,会计的,国库的,国库岁入的 | |
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3 structural | |
adj.构造的,组织的,建筑(用)的 | |
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4 woes | |
困境( woe的名词复数 ); 悲伤; 我好苦哇; 某人就要倒霉 | |
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5 deficits | |
n.不足额( deficit的名词复数 );赤字;亏空;亏损 | |
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6 stimulating | |
adj.有启发性的,能激发人思考的 | |
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7 cohesive | |
adj.有粘着力的;有结合力的;凝聚性的 | |
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8 chancellor | |
n.(英)大臣;法官;(德、奥)总理;大学校长 | |
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9 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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10 stagnant | |
adj.不流动的,停滞的,不景气的 | |
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11 noted | |
adj.著名的,知名的 | |
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12 remains | |
n.剩余物,残留物;遗体,遗迹 | |
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13 fully | |
adv.完全地,全部地,彻底地;充分地 | |
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