For that, they said, European Union institutions will have to extend more support, possibly by converting the European Central Bank into a lender of last resort.

他们说，为了应对这一挑战，欧盟相关机构将不得不提供更多支持，可能的办法是将欧洲央行转变为最后贷款人。

youdao

The 10 eastern members of the European Union will remain affected by high unemployment, the World Bank said last month.

世界银行上月表示，属于欧盟的10个东欧国家仍然受到高失业率的影响。

youdao

The International Monetary Fund says it will grant Hungary a standby loan of nearly $16 billion while the European Union has offered over $8 billion and the World Bank more than $1 billion.

国际货币基金组织说，它将给匈牙利提供将近160亿美元的备用贷款。 与此同时，欧盟同意提供80多亿美元，世界银行提供10多亿美元。

youdao

Twenty years ago, the European Bank of Reconstruction and Development was created to help former communist countries after the fall of the Soviet Union.

VOA: special.2011.05.27

So the central bank of the European Union, and the International Monetary Fund, joined forces to kick the problem down the road by providing loans that would allow Greece to make its upcoming debt payments.

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"The biggest risk for the current bull market is a policy mistake by the Fed, or the European Central Bank, or the Bank of Japan, or the European Union, and we got a good sneak preview of that with Cyprus, " said Burt White, chief investment officer at LPL Financial in Boston.

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Note that the European Central Bank rode to the rescue of the European Union periphery by printing tons of money and by purchasing the debt of the above named countries.

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