[2011.09.17] 欧元区崩裂的代价

引用 hongdanzhang 2011-9-22 21:33

回复 catherine1989 的帖子

original currency：原币 hard currency: 硬通货 soft currency:软通货 个人认为引语部分 for being incaculable 是aftermath more frightening的原因，所以翻译是不妨将其前置。

引用 kool 2011-9-23 03:45

The question does not have a simple answer. For a start, there are lots of different ways to fall apart a wholesale dissolution into the original currencies; a fissioning into northern hard-currency and southern soft-currency blocks; or the exit of a trickle of countries, or just one.Further complexities come from the panoply of choices the departing and remaining states would make after the fall. And all this turns as much or more on law and politics as on economics.

这一段翻译错了。没有理解原文，我尝试解说下，不是翻译
fall apart，指欧元区解体，翻译/理解 成崩溃就过了点
解体 的方式有很多种，可能大家回归各自过去的货币，或分解成一个北部的比较坚挺的货币联盟，和一个南部的（希腊等）比较疲软的货币联盟，或者一小部分国家退出欧元，或只一个国家退出欧元联盟。而【解体】之后退出和留下国家都面临许多选择，带来更多变数。这些不只是经济问题，也大量涉及法律和政治

引用 kool 2011-9-23 03:46

本帖最后由 kool 于 2011-9-23 03:47 编辑

Take two specific scenarios

具体的[可能]局面，不是“实例”

引用 kool 2011-9-23 04:27

错误比较多。

Take two specific scenarios. Germany could leave, either on its own or with a select group of small economies—Austria, Finland and the Netherlands—as recently suggested by Hans-Olaf Henkel, a former head of the Federation of German Industries., and more likely, Greece might secede or be forced out.

这里列举了两个scenarios,
1. Germany could leave. 这个又有两个子scenarios：
a. Germany could leave on its own or
b. with a select group of small economies

2. Greece might secede or be forced out

这个两个 scenarios 是主干，其余的是枝叶。主干抽出来，文章就好理解了。

结尾的 runs on bank 挤兑

引用 ross_han 2011-9-23 10:16

THE costs of efforts to save the euro are justified by the claim that the alternative would be too dreadful to contemplate. But economic history is littered with examples of fixed exchange rates that came unfixed; the disuniting of currency unions, though rarer, happens from time to time. So how do the costs of sustaining the euro compare with the costs of its falling apart.
要解救欧元，就得付出代价，此外再考虑其他方案只会徒增痛苦。但随着固定汇率不再固定的例子频频出现，经济历史也因此蒙黑，货币联盟不团结的现象尽管鲜见，但有时还是会发生。拯救欧元是确实会有代价，但同欧元崩溃所带来的代价相比，两者怎能相提并论？

第一句是个什么justified by什么的句子，有个alternative，楼主译为“其他方案”，其实无非两种选择，拯救欧元，或者不拯救欧元。如下译
欧元崩溃的后果可怕的难以想象，与此相比，为拯救欧元做出的所有努力都是值得的。

“经济史蒙黑”，这个意思楼主可能是从 。littered 看出来的，不过，littered with 只是表示到处都有的意思，如The fire-place was littered with cigarette butts.  
如下译：
纵观整个经济史，固定汇率不再固定的事情屡屡出现；货币联盟分崩离析的情况虽然鲜见，却也时有发生。
这里disunite楼主译为“不团结”，应该是剑桥字典上的意思，to cause people to disagree so much that they can no longer work together effectively，不过韦氏和American Heritage上都是To separate or become separate的意思，个人觉得还是分崩离析好点。

引用 aubreychen 2011-9-23 14:48

有些地方虽说有些错误，但是中文感觉还是连贯紧凑的，至于错误的地方，慢慢来就好了。加油。。

roughly half that amount in each subsequent year.
，接下来年份代价会减半
--------------------------------
不是接下来的年份代价减半。
是接下来几年的代价加起来差不多是GDP的一半。

引用 aubreychen 2011-9-23 15:00

Such costs dwarf the one-off expense to Germany of bailing out Greece, Ireland and Portugal were they to default.
这句话把虚拟语气翻译出来：
要是希腊、爱尔兰、提子牙default的话，德国对其纾困的带价不仅比退出欧元区的带价来的小得多，而且是一次性花费，不至于像退出的后果，导致常年的折磨。
这里比较麻烦的是要看出，这里坐着用dwarf 和one-off 的意图，dwarf是要表达出纾困带价要来的小得多，one-off是对比前文所表述的，退出的带价，不仅仅未来一年，而且会造成长期影响。有些对比直接翻译成中文，原文的意图就变得不明显甚至会消失，想办法尽量凸显出来，比如可以借鉴xbox的方法进行补译。

引用 aubreychen 2011-9-23 15:45

刚才去和他们扯淡去了，回来接着说
IBut the report is based on the extreme assumption that countries leaving the euro would have to leave the EU. There is a legal argument for this position, but politics would almost surely trump it. t would not be in the broader interest of Europe to have an embittered neighbour in the eastern Mediterranean, or to cut Germany adrift. European policymakers would be hellbent to conserve the single market rather than immolate it in the bonfire of the euros. This suggests that the economic impact of a break-up would be less catastrophic than envisaged by the UBS economists.
这一段lz虽然明白各个断句的意思，但是逻辑关系有点混乱，理一下逻辑就能把段落联系起来，
by the way IBut 这个I是后面It的吧。。怎么搞的。
There is a legal argument for this position, but politics would almost surely trump it.
这句话说退出欧元就得离开欧盟这种观点有一定法律依据，但是政客们，或者说在政治上人们会尽力不这么做，就是所谓的trump it。为什么呢？后文都是作者来解释这个观点： an embittered neighbour和cut Germany adrift的后果都是大家不想要的，所以人们会尽全力保住统一市场，不管欧元区是不是解散。然后作者又返回来回到自己的观点，既上文说的那些损失所依据的假设是不太可能的， This suggests that the economic impact of a break-up would be less catastrophic than envisaged by the UBS economists.

引用 aubreychen 2011-9-23 16:18

That crisis was bloody, including limits on bank withdrawals—the corralito—and big losses for depositors and banks as their assets and liabilities were redenominated, each at a different exchange rate, but it proved to be a turning-point (see chart)
这句怎么没翻译？
就是后果很惨烈，导致采用著名的corralito政策，限制大家从银行提款，而且因为资产和负债经过以另一个汇率redenominate之后，导致大家损失严重。不过这后来也被证明是一个转折。
redenominate我也模模糊糊的，毕竟不是学金融的。大概意思好像就是因为原来和美元汇率保持一致，因为这个link断开了，导致新的汇率很低，让大家收到很大损失，不过低汇率刺激出口，所以变成了一个turn-point。
我也是一知半解啊。。半猜半蒙吧

引用 aubreychen 2011-9-23 16:29

The resurgence in national prosperity, helped by booming global demand for agricultural commodities, has occurred despite the fact that rancorous disputes over the default have kept the country shut out of international capital markets.
这一整段木有翻译啊。
即使因为那次债务拖欠所导致的充满怨恨的争论使得阿根廷拒绝国际资本市场
但是全球经济繁荣需要劳动力市场，使得阿根廷回复国力

引用 执洹 2011-9-26 23:29

German banks could cope with the switch of domestic deposits and loans into the new currency, but they would have to be recapitalised because their foreign assets in euros would now be worth less in domestic terms.
德国银行尚能应付国内存贷款转向新货币，
但在处理以欧元计价的国外资产时，由于用国内（新马克）标准计价后该资产已经缩水，他们（德国银行）就不得不进行资产重组了。
显然“but they” 的they指前“German banks”，不光是“German”

引用 执洹 2011-9-27 00:27

... backing the link through the foreign-exchange reserves of a currency board.
（阿根廷）通过（该国）货币当局所持有的外汇储备来支撑这种（盯住美元的）联系。
backing的主语是Argentina，理解为支持、支撑、保持、维持，不是“加强”。

引用 catherine1989 2011-9-29 08:10

回复 hongdanzhang 的帖子

Thank you

引用 catherine1989 2011-9-29 08:12

回复 aubreychen 的帖子

不好意思，漏掉了，我同意你的理解，这篇文章对我来说比较难

引用 catherine1989 2011-9-29 08:18

aubreychen 发表于 2011-9-23 15:45
刚才去和他们扯淡去了，回来接着说
IBut the report is based on the extreme assumption that countries l ...

Yes，I agree with you.谢谢指点啊

查看全部评论(15)