piątek, 13 marca 2009

Artykuł Will euro save Eastern Europe?

slajd - spadek
Crisis-hit economies in Central and Eastern Europe have seen their national currencies slide against the euro

argue - przekonywać
Many argue, though, that the other new EU countries are not strong and flexible enough to join the eurozone.

reluctant - niechętny, oporny
backer - zwolennik, poplecznik
But conservative President Lech Kaczynski is a reluctant backer.

to determine - wyznaczyć
monetary policy - polityka pieniężna / monetarna
Having a national currency would enable Poland to determine its own monetary policy, President Kaczynski pointed out.

to withstand - wytrzymać próbę, stawić opór
The economies that want to adopt the euro must first become strong and flexible enough to withstand a new financial or economic crisis without being able to implement specific monetary measures, as these powers would be exercised exclusively by the European Central Bank (ECB)

to comply with - stosować się do czegoś, dostosować się
Stability and Growth Pact - Pakt Stabilności i Wzrostu (UE)
impose - narzucić, nakazywać
to curb - ograniczać
Countries in the eurozone are expected to comply with the Stability and Growth Pact, seen as a tool to impose budget discipline, including curbing inflation and keeping budget deficits below 3%.

simultaneously - jednocześnie
"The inflation criteria and the exchange rate stability criteria are just not possible for these countries in this situation to meet simultaneously," she says. "Unless they get lucky."

saviour - zbawca, zbawiciel
The euro has successfully established itself as a global currency. It now looks like it could be asked to take on larger role of a saviour of troubled economies

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