The article
discusses the economic situation in Europe which becomes worse and worse every day
because of the deficit of money in some countries like Greece, Spain, and Italy.
The agenda of the article is necessary decision of the German court
about their country’s participation in the European Stability Mechanism. It is an open secret that German is
a very important part in the euro zone because the fund could not operate
without German money and support, meaning it could not proceed with plans to
rescue Spanish banks or work with the E.C.B. to contain market interest rates. Moreover
it’s necessary to point out that the Netherlands will be choosing a new
government which may try to stand in the way of further aid. The reporter gives
us the information about creation of banking union to prevent current inability
of Spain and Ireland to regulate their banks effectively, pay for the bailouts
that were needed or guarantee customer deposits in order to prevent bank runs.
The author makes the importance of the indecision of Ms. Merkel is determined by
possibility of suffering the domestic economy by signs of slowing economic
growth. In conclusion the correspondent
suggests that the new rules from E.C.B. may complicate the return to market
stability.
Not bad, but it lacks some features typical of rendering:
ОтветитьУдалить1. Headline, Reporter's Name
2. Where and when the article was published
3. your attitude or vision of the problem discussed
Slips:
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The author EMPHASISES MS. MERKEL'S indecision determined by THE possibility FOR the domestic economy TO SUFFER AS THERE ARE signs of slowing economic growth.
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