1、

What exactly the ECB will do to calm investor fear is one of the biggest question marks going into September.

欧洲央行具体将怎么做来平息投资者的担忧,将是进入9月份后最大的一个问号之一。

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2、

The ECB needs to swing into action at long last.

在历经曲折之后,欧洲央行必须果断付诸行动。

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3、

He will preside over the ECB at a time of peril.

在形势十分严峻的关键时刻他将担任欧洲央行行长。

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4、

Emergency cash, in effect, loaned to Greece by the ECB to make sure Greek banks stay afloat while the country negotiates with its creditors.

ELA(Emergency Liquidity Assistance)紧急流动性援助应急资金,目前正在实施,由欧洲央行借给希腊以确保该国政府与债权方商讨债务方案时,希腊银行能够保持资金流动。

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5、

It would make no sense for the ECB to put its own reputation for orthodoxy before the ravages of deflation.

再遭到通货紧缩的破坏之前,欧洲中央银行把自己的名誉当作教条毫无意义。

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6、

Many influential Germans think the ECB has reneged on the "no bail-out" pledge at the heart of monetary union.

许多有影响力的德国人认为,欧洲央行违背了货币联盟核心的“不会纾困”承诺。

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7、

For all his activity, actions by the ECB president in recent weeks suggest he is as keen as anybody to see the bank returning to the status quo ante.

尽管特里谢四处活动,但从他这几周的行事来看,他期盼银行恢复原状的心思与任何人无异。

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8、

The ECB sees a bumpy road ahead for the eurozone and is wary about global prospects, especially if the US rebound disappoints.

在欧洲央行看来,欧元区面临着一段崎岖的道路,该机构还对全球经济前景保持警觉,尤其是假如美国的反弹让人失望的话。

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9、

The ECB has already announced that it is working with the European Investment Bank to devise ways of broadening access to financing for SMEs by reviving a market for asset-backed securities.

欧洲央行已经宣布,将与欧洲投资银行(European Investment Bank)合作制定措施,通过重振资产担保证券市场来拓宽中小企业的融资渠道。

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10、

Rumors and speculation will hang over the market until September 6th when the ECB gets together to talk about their strategy.

市场中将会流传各种版本的传言和猜测,直到9月6日欧洲央行开会讨论其策略。

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11、

However, the ECB is already playing this role to a large extent.

然而,欧洲央行在很大程度上已经在扮演这一角色。

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12、

The ECB has stated it will no longer accept such bonds after the end of February, the date of expiry of the IMF programme.

欧洲央行已经声明,2月底以后,也就是IMF纾困计划到期以后,将不再接受这种债券。

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13、

What did happen was financing with quite limited true adjustment, through ECB funding of dubiously solvent banks and via lending from other governments and the International Monetary Fund, for Greece, Ireland and Portugal.

可实际过程却是伴随极其有限真实调整的融资:欧洲央行在向偿债能力成问题的银行提供资金,相关国家政府和国际货币基金组织(imf)则在向希腊、爱尔兰和葡萄牙提供贷款。

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14、

But the ECB is unwilling to approve the debt sale. It will not raise a € 15bn ceiling on treasury bill issuance to$ 25bn as requested, according to two officials involved in the deliberations.

但欧洲央行不愿意批准这一发债方案。据参与协商的两名官员透露,欧洲央行不会如希腊所要求,将150亿欧元的国债发行上限提升至250亿美元。

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15、

There is pressure on the ECB to follow suit.

欧洲央行也面临着采取同样举措的压力。

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16、

Relying upon the ECB to hold the fort is tricky, too.

依靠欧洲央行来维持局面更是棘手。

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17、

I suspect that the ECB may now be less inclined to cut interest rates further, and more inclined to raise them at the first false dawn of economic recovery.

我怀疑,欧洲央行现在可能不愿进一步降息,而是更倾向于在看到第一缕经济复苏的“虚幻曙光”时便提高利率。

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18、

One negative outcome of this logjam has been an inability to effectively confront inflation or deflation both of which periodically threaten to break through ECB target levels.

这样的僵局所产生的一个不利结果就是无法有效应对通胀或通缩&二者都时不时地作势要突破欧洲央行设定的目标水平。

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19、

Although the ECB is prohibited from continuing ELA funding to insolvent banks, it is not clear at what point Greek banks would be deemed insolvent.

尽管欧洲央行被禁止继续向无力偿债的银行提供ELA融资,但希腊银行到底在什么情况下会被视为无力偿债,这一点尚不明确。

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20、

The central bank will attempt to link proportionally all the free money the ECB has been lending to the banks, plus some more with a new acronym, to how much the banks lend out to the public.

欧洲央行将尝试把它借给这些银行的免费资金以及类似资金与这些银行放贷给公众的金额挂钩。

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