Friday, April 27, 2012

Video Transcription of the week. El presidente de la Eurocámara: "Se está preparando un cambio de dirección en la UE"



El traducción del video revelar toda los detalles clave del la idioma de negocias, y ayudarle lograr una nivel de inglés bilingüe de pronto.  Clic en el enlace, escucha – lea – y aprende.

Si hay errores con la traducción yo estaría  muy agradecido por sus sugerencias.

The radio transcripts reveal all the critical details of business related language, helping you to achieve a bilingual level of Spanish, fast. Click on the link, listen - read - and learn

El presidente de la Eurocámara: "Se está preparando un cambio de dirección en la UE"

Expresiones y Palabras

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Hay de los últimos días, algo que pidamos en desde dos años  en la parlamento, llega  Dragui el Presidente del Banco Central Europea y dice exactamente ‘lo que nosotros pidamos hasta los 2 años  necesitamos un pacto de crecimiento’. Es una parto de pacto fiscal, un pacto de crecimiento. No lo dice Hollanda, no lo dice parlamento europea, si no el presidente del Banco Central Europea.  Así es una indicadora muy bueno.  El Presidente del Banco Central se atrae avanzar tanto, como el senior Dragui  pronto va una cambio de dirección y compue Mario Monte y una exigido de pacto crecimiento en Bruselas y, estos días hay una cambio de dirección en la unión europea. También, mi parece que la señora Merkel va aprobada es pacto de crecimiento.  Y un punto más, y también es un interés Alemán yo soy un político Alemania, la republica federal de Alemania, tiene su mayor fuerza  en la exportación de 45% de PIB es un importación, es 60% va a la unión europea.  Y se hay debilidad en la unión europea, también debilitar Alemania, entonces la economía Alemania tiene muchos intereses en el pacto de crecimiento.  Y que estoy parece gobierno Alemania va aprobada.


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Spanish unemployment hits record

Expresiones y Palabras

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Unemployment in Spain, despite the fact it was predicted to go up further, and this is confirmation of that, essentially.  This is the national office of statistics and its their survey of the active working population, here in Spain, essentially a quarter of people who are essentially part of that active working population are now out of work, 6.6million people in total, and if you look, worryingly in the first quarter of this year another 374,000 people went out of work feeding into that perception that Spain is in a downward spiral.  It went into recession,  officially at the beginning of the week and overnight that news from Standard & Poor, the credit rating agency, that its credit worthiness has been downgrade by a few noches.

Despite the best efforts at austerity on the part of the government, both local and national across the country Tom, what is going wrong with the economy?

Spain has two or three fundamental problems.  It has a huge amount of private debt and, a lot of that debt is held by the Spanish banks, a fall out, essentially form the housing crisis.  You may remember that Spain up to 2008 built huge amounts of property and public infrastructure projects across the country and when the housing market collapsed in 2008 a lot of the banks were left with a lot of bad debt.  The other problem is unemployment, of course and then there is the lack of growth which, of course is linked to unemployment.  If people aren’t in a job, they have less money and they are spending less in the economy, so the perception is, and we have seen this from the markets recently that if you look at the rate of borrowing that the government is paying on its debt and the fear is that Spain economy is not growing, its is going to contract this year and probably the next, and the perception is that Spain I really struggling to get itself moving again. The real fear is when the economy can grow again in the near future.

If you have unemployment running at this kind of percentage Tom, is Spain moving to a tipping point, because of you have 1 in 4 people long term unemployed because of the public sector jobs and the building jobs no longer exist can Spain afford to keep these people in benefits, keep the social service aspect afloat?

The other really interesting thing to point out Peter, is that Spain, recently the government announced a very austere budget, huge cuts to public services and tax increases and those measures have not really taken effect yet, and so if you can imagine we are in this situation now, nearly 1in 4 of those are looking for a job, unable to get one, a lot of other fundamental problems within the economy.  If you then wind the clock on a few months and start thinking that these measures of austerity that the government is going to put in place means that the government is going to be spending less money, investing less in public services things are not going to be tougher for people socially, there is going to be a lot of controversy over health measures announced recently, people are going to have to pay more for medicine, students are going to have to pay more to go to university, class sizes are having to go up, there a lots of measures that are going to hurt people but the overall fear is really, that this overall austerity is going to feed into the lack of growth in the economy.  You have, sort of a perfect storm for the Spanish Economy. Of course the Spanish are hoping that these austerity measures will create confidence in the markets that it will get its budget deficit in order and then it will bring in  other measures to try and generate growth within the economy.

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