So now is not the time for fiscal austerity.
因此，现在不是财政紧缩之时。
Will 2011 be the year of fiscal austerity?
2011年是否将成为紧缩之年？
A sudden fit of fiscal austerity would be a mistake.
财政紧缩的突然发作将会是错误的。
The Greeks have met the terms of their fiscal austerity program.
希腊人已经达成了财政紧缩项目的条件。
Without those cushions, fiscal austerity is not likely to boost growth.
没有这些缓冲工具，财政紧缩不太可能促进经济增长。
Many claim that fiscal austerity could even boost growth in the short term.
许多人主张，财政上的节俭甚至能在短期内推动经济增长。
Theirs is not a problem that can be resolved by fiscal austerity alone.
这些国家的问题不是只要紧缩财政开支就能得到解决的。
Nor, in most countries, should fear of bondholders lead to sudden fiscal austerity.
在大多数国家，也不必恐惧债券持有者会导致突然的财政紧缩。
Even less troubled euro-zone countries like Italy are pushing new fiscal austerity.
即便是像意大利等受困扰较少的欧元区国家也在推行新的财政紧缩。
As risks go, slightly easing the pace of fiscal austerity is an incredibly safe bet.
对于同样面临风险的英国来说，最好的规避措施则是稍微放松财政紧缩的步伐。
Widespread economic uncertainty and fiscal austerity should not be excuses to do less.
普遍的经济不确定状况和财政紧缩政策不能是减少行动的借口。
Second, they are at risk of both overdoing and mismanaging short-term fiscal austerity.
第二，他们冒着做法过火又对短期金融紧缩管理不善的风险。
But Capita also hopes to be one of the few winners from Britain's looming fiscal austerity.
而Capita仍然希望能在英国拮据的财政状况里成为少数几个赢家之一。
But, with most other rich countries also embarking on fiscal austerity, that's unlikely to happen.
但由于许多其他富裕国家同样开始实行财政紧缩政策，这种情况不太可能发生。
There is one other alternative which could rescue Greece without imposing further fiscal austerity.
还有另一种选择，可以拯救希腊而无需进一步收紧财政。
Despite the differences of detail, whoever wins will preside over a long parliament of fiscal austerity.
尽管细节上不同，无论谁会选举获胜都将掌管一个长期财政紧缩的议会。
Investors worry that the country's politicians will be unable to impose the fiscal austerity they promise.
投资者担心这个国家的领导人不能像他们所承诺的那样限制财政紧缩。
This modest progress came before the recession, and the era of fiscal austerity that Britain is now entering.
在经济进入萧条期前，以及不列颠现在正在经历的财政紧缩时期之前，贫困问题正略有起色。
Fiscal austerity in Germany can only reduce demand for eurozone products, and result in lower German inflation.
德国的财政紧缩只能够减少对欧元区产品的需求，最终导致德国较低的通胀水平。
But if America's slowdown persists, they too will flag, particularly as fiscal austerity kicks in (see article).
但是如果美国的减速持续下去，这些富国也会衰退，尤其是在财政紧缩发力的时候(参见文章)。
That is especially so in countries such as Britain where fierce fiscal austerity is also set to dampen spending.
在英国这种严酷的财政紧缩政策导致消费减少的国家里尤其如此。
Their mistakes vary, but two sorts stand out. One is an overwhelming emphasis on short-term fiscal austerity over growth.
他们犯着各种不同的错误，最明显的有两种，其一是过分强调短期的财政紧缩，不管经济能否增长。
In Europe the emphasis has shifted to fiscal austerity and the European Central Bank has started to push up interest rates.
在欧洲，重点已经转向财政紧缩，欧洲央行已开始提高利率。
Mr Osborne has often seemed too confident that private-sector spending will fill the gap in demand left by fiscal austerity.
奥斯本似乎一直对私有部门的消费能力过于自信，相信私有部门的消费能够填补由财政紧缩遗留下的内需空白。
Fiscal austerity robs policymakers of a potent antidote to a deflationary slump: simultaneous fiscal and monetary expansion.
财政紧缩政策会剥夺政策制定者应对大规模通货紧缩的一剂猛药：并行的财政货币扩张政策。
But the bigger worry is that, while Banks remain so reluctant to lend, more QE will prove inadequate to counter fiscal austerity.
但人们更担心的是，在银行仍然如此不情愿借款的情况下，更多的量化宽松政策将会不足以对抗财政紧缩政策。
Many signs now point to the euro area slipping back into recession, not least because of the rush to intensify fiscal austerity.
许多迹象显示欧元区再次进入衰退，尤其是充忙强化紧缩政策后。
Many signs now point to the euro area slipping back into recession, not least because of the rush to intensify fiscal austerity.
许多迹象显示欧元区再次进入衰退，尤其是充忙强化紧缩政策后。
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