Market crisis 'will happen again' 经济危机将会“再度来临”
文章来源:未知 文章作者:meng 发布时间:2009-09-10 06:47 字体: [ ]  进入论坛
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The world will suffer another financial crisis, former Federal Reserve chief Alan Greenspan has told the BBC.

前联邦储备局首领Alan Greenspan向BBC透漏,世界将会再次遭受金融危机。

"The crisis will happen again but it will be different," he told BBC Two's The Love of Money series.

He added that he had predicted the crash would come as a reaction to a long period of prosperity(繁荣,兴旺).

But while it may take time and be a difficult process, the global economy would eventually "get through it", Mr Greenspan added.

"They [financial crises] are all different, but they have one fundamental source," he said.

"That is the unquenchable(不能消灭的) capability1 of human beings when confronted with long periods of prosperity to presume(假定,推测) that it will continue."

Speaking a year after the collapse2 of US investment bank Lehman Brothers, which was followed by a worldwide financial crisis and global recession, Mr Greenspan described the behaviour as "human nature".

He said the current crisis was triggered by the trade in US sub-prime mortgages - home loans given to people with bad credit histories - but he added that any factor could have been the catalyst3(催化剂).

If it were not the problem of these toxic4(有毒的) debts, "something sooner or later would have emerged", Mr Greenspan said.

Risks

Mr Greenspan, who when he ran the US central bank was hailed as a man who could move markets, also warned that the world's financial institutions should have seen the looming5(上现蜃景) crisis.

"The bankers knew that they were involved in an under-pricing of risk and that at some point a correction would be made," he said.

"I fear too many of them thought they would be able to spot the actual trigger point of the crisis in time to get out."

He also warned that Britain, with its globally-focussed economy, would be harder hit than the US by the current recession and collapse in world trade.

"Obviously we've both suffered very considerably6 but ... Britain is more globally oriented as an economy and the dramatic decline in exports globally and trade generally following the collapse of Lehman Brothers had dramatic effects in the financial system of Britain," Mr Greenspan said.

"It's going to take a long while for you [Britain] to work your way through this."

Road to recovery

In order to prevent the situation arising again, financiers and governments should look to clamp down on(进行压制) fraud and increase capital requirements for banks, the former central banker said.

Regulations targeting the latter would mean banks would be forced to hold enough money to cover their normal operations and honour withdrawals7.

However despite his belief in a brighter future, the former Fed chief did warn that the path to recovery should steer8 clear of(绕开,避开) protectionism as applying strict regulations could hamper9(阻碍,困累) recent developments that have opened up global trade.

"The most recent endeavour to re-regulate is a reaction to the crisis. The extraordinary impact of these global markets is making a lot of financial people feeling they have lost control.

"The problem is you cannot have free global trade with highly restrictive, regulated domestic markets."

Historic event

During the interview for BBC Two's The Love of Money series, the former Fed chief said the current economic crisis was a "once in a century type of event", and one that he did not expect to witness.

Blamed by some for not doing more to prevent the crisis, Mr Greenspan denied any responsibility for the problems gripping the global economy.

"It's human nature, unless somebody can find a way to change human nature, we will have more crises and none of them will look like this because no two crises have anything in common, except human nature."



点击收听单词发音收听单词发音  

1 capability JsGzZ     
n.能力;才能;(pl)可发展的能力或特性等
参考例句:
  • She has the capability to become a very fine actress.她有潜力成为杰出演员。
  • Organizing a whole department is beyond his capability.组织整个部门是他能力以外的事。
2 collapse aWvyE     
vi.累倒;昏倒;倒塌;塌陷
参考例句:
  • The country's economy is on the verge of collapse.国家的经济已到了崩溃的边缘。
  • The engineer made a complete diagnosis of the bridge's collapse.工程师对桥的倒塌做了一次彻底的调查分析。
3 catalyst vOVzu     
n.催化剂,造成变化的人或事
参考例句:
  • A catalyst is a substance which speeds up a chemical reaction.催化剂是一种能加速化学反应的物质。
  • The workers'demand for better conditions was a catalyst for social change.工人们要求改善工作条件促进了社会变革。
4 toxic inSwc     
adj.有毒的,因中毒引起的
参考例句:
  • The factory had accidentally released a quantity of toxic waste into the sea.这家工厂意外泄漏大量有毒废物到海中。
  • There is a risk that toxic chemicals might be blasted into the atmosphere.爆炸后有毒化学物质可能会进入大气层。
5 looming 1060bc05c0969cf209c57545a22ee156     
n.上现蜃景(光通过低层大气发生异常折射形成的一种海市蜃楼)v.隐约出现,阴森地逼近( loom的现在分词 );隐约出现,阴森地逼近
参考例句:
  • The foothills were looming ahead through the haze. 丘陵地带透过薄雾朦胧地出现在眼前。 来自《简明英汉词典》
  • Then they looked up. Looming above them was Mount Proteome. 接着他们往上看,在其上隐约看到的是蛋白质组山。 来自英汉非文学 - 生命科学 - 回顾与展望
6 considerably 0YWyQ     
adv.极大地;相当大地;在很大程度上
参考例句:
  • The economic situation has changed considerably.经济形势已发生了相当大的变化。
  • The gap has narrowed considerably.分歧大大缩小了。
7 withdrawals e8b79ee63bd5060c582d7b93a43ec3dd     
n.收回,取回,撤回( withdrawal的名词复数 );撤退,撤走;收回[取回,撤回,撤退,撤走]的实例;推出(组织),提走(存款),戒除毒瘾,对说过的话收回,孤僻
参考例句:
  • He has made several withdrawals from his bank account. 他从银行账户上提了几次款。 来自《简明英汉词典》
  • It is not the bank's policy to deduct interest on withdrawals. 提款需扣除利息这并非是本银行的政策。 来自辞典例句
8 steer 5u5w3     
vt.驾驶,为…操舵;引导;vi.驾驶
参考例句:
  • If you push the car, I'll steer it.如果你来推车,我就来驾车。
  • It's no use trying to steer the boy into a course of action that suits you.想说服这孩子按你的方式行事是徒劳的。
9 hamper oyGyk     
vt.妨碍,束缚,限制;n.(有盖的)大篮子
参考例句:
  • There are some apples in a picnic hamper.在野餐用的大篮子里有许多苹果。
  • The emergence of such problems seriously hamper the development of enterprises.这些问题的出现严重阻碍了企业的发展。
TAG标签: economy crisis financial
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