Hi, well, I am not surprised. But obviously austerity, notwithstanding what's going on in Luxembourg, austerity very much the way of the world as far as Europe is concerned.

嗨，我对这并不感到吃惊，但是明显财政紧缩，尽管卢森堡正在发生着什么，就欧洲看来它代表着整个世界的动向。

youdao

Hi, I am Chinese Europe Team. I am here for registration.

你好，我是中国欧洲级帆船队，我是来报到的。

youdao

Hi everybody. I'm a guy from Europe preparing to return home for a while, so I want to sell my computer.

大家好！我是一个欧洲人现在准备回国家去，因此想卖我的电脑。

youdao

But thanks to Mr Seifert's quick switch to electronic trading and a push to create new markets for smaller firms, Frankfurt now boasts the world's biggest derivatives exchange, Europe's busiest market for hi-tech firms, and a pivotal role in shaping the trading and clearing of Europe's blue-chip shares.

ECONOMIST: Frankfurt��s impatient maestro

The dour news followed other similar profit warnings from the likes of electronics retailer JB Hi-Fi last week, underscoring that Europe's debt crisis could be fast spreading to far corners of the world as many consumer keep their wallets shut.

WSJ: Asian Shares Fall

But these improvements have not been seen in Europe, according to the IMF's analysis, largely because of the failure to push through labour-market reforms, which has prevented Europe from benefiting as much as it should have from the hi-tech boom.

ECONOMIST: A time for caution | The