|
World s worst menu 世上最烂账单 Greece has no good options left 希腊没有好牌可打 VIENNAS glories are largely faded but its name is being mentioned with increasing frequencyby the euro areas policymakers. The Vienna initiative was a plan, drawn up in 2009, thathalted the rot of financial contagion spreading through central and eastern Europe. Foreignbanks pledged not to cut their exposures to the region and run. It is now being discussed as apossible model for resolving Greeces sovereign-debt crisis. 维也纳的荣耀已经基本上消磨殆尽，但是它的名字却在近期被欧元区的决策者们屡次提起。 维也纳倡议是一项于2009年制定的计划，这个计划的目的在于阻止金融危机向欧洲中部及东部蔓延。外资银行承诺不会减少在该地区的风险敞口并就此撤离该地区。现在，这一计划可能成为解决希腊主权债务危机的方法。 The need to come up with a new plan for Greece is mounting. On May 20th Fitch, a ratingsagency, cut the countrys debt rating by another three notches. Yields on Greek ten-year bondsthis week reached 16.8%, more than twice what they were a year ago. With the markets shyingaway, the country will not be able to borrow afresh next year, as had originally been hopedwhen the country was first bailed out in May 2010. The IMFs latest review is due out in June; itis likely to praise Greece for its progress so far but also to fret about how next years numbersadd up. | 
