欧元区经济已正式转危为安，这值得宽慰，但不值得庆祝。
The eurozone economy has officially turned the corner, and that is cause for relief, but not a celebration.
去年，当欧洲各国的货币政策制定者开始在法兰克福的欧洲央行（European Central Bank）开会，为新欧元区设定利率时，他们在会上讲的是英文。
When monetary policymakers from around Europe began meeting at the European Central Bank in Frankfurt last year to set interest rates for the new Euroland, they held their deliberations in English.
尤其是在欧元区，投资者们坐立不安。
In the euro zone, in particular, investors are getting nervous.
可这对欧元区企业而言真的那么糟糕吗？
意大利的国债是欧元区危机潜在的麻烦。
ITALY's public debt is the sleeping dog of the euro zone's crisis.
这种结果正是欧元区缔造者们希望避免的。
That is the outcome the creators of the eurozone wished to avoid.
西班牙仍然处在欧元区债务危机的风头浪尖。
Spain remains in the front line of the euro zone's debt crisis.
危机之前，欧元区的经常项目基本保持平衡。
Until the crisis struck, the euro area's current account was roughly in balance.
他预期欧元区明年的GDP将缩水1.4%。
He reckons GDP in the euro area will shrink by 1.4% next year.
相对其整体表现，欧元区的内部状况更为重要。
More important than the eurozone's overall performance is what is going on inside the zone.
美国、英国和欧元区经济似乎已经重新开始增长。
The economies of America, Britain and the euro area now seem to be growing again.
这主要得益于欧元区整体的健康增长，涨幅为1%。
This largely accounted for the euro area's healthy overall growth of 1%.
更糟糕的是，欧元区整体经济正在快速失去推动力。
What's worse, the euro-zone economy as a whole is rapidly losing momentum.
欧元区财长就增加主要援助基金的规模已达成一致。
Finance ministers from the euro zone agreed to boost the size of their main bail-out fund.
对于是否加入欧元区，英国民意和政界尚无转变迹象。
There are few signs yet that public or political opinion in Britain has shifted towards signing up to the euro.
斯洛文尼亚和斯洛伐克因处在欧元区而免遭货币炒家攻击。
Slovenia and Slovakia were shielded from currency speculators by being in the euro area.
希腊、西班牙和意大利为加入欧元区都作出了艰苦的努力。
Greece, Spain and Italy all made strenuous efforts to qualify for the euro.
然而，欧元区大部分国家的企业和消费者信心似乎开始回升。
Yet business and consumer confidence seem to be picking up across most of the euro area.
欧元区离分崩离析尚远，然而，似乎确实有了一些细小的裂缝。
The Eurozone is far from shattered, yet there does seem to be some hairline cracks.
但我不想过多批评布朗，因为正是他力保英国没有加入欧元区。
Yet I do not want to be too critical of Mr Brown, since he saved the UK from the euro.
第二季度欧元区经济整体增长1%，是近四年来最快速的增长。
Overall, the eurozone economy grew 1 percent in the second quarter, its fastest pace of growth in about four years.
但是，与这些国家不同的是，意大利是欧元区的第三大经济体。
But unlike those nations, Italy has the third largest economy using the euro.
很明显，欧元区的增长很大程度上是由于成功的财政刺激政策。
It is clear that the growth in the eurozone is due in good part to a successful fiscal stimulus.
意大利在经济上比部分邻国更好，预算赤字属于欧元区最低之列。
Italy is faring better economically than some neighbors and its budget deficit is among the lowest in the euro zone.
假以时日，这个紧急基金就能演化为促进欧元区财政协作的机构。
Over time, the emergency fund could evolve into an institution that improves the euro area's fiscal co-ordination.
这也给未来十年有心跻身欧元区的拉脱维亚及立陶宛带去了勇气。
That will give heart to Latvia and Lithuania too, who hope to join the euro later in the decade.
投资者们对几个欧元区国家偿债能力的担忧引发了欧元区的危机。
The euro crisis was brought on by investors with genuine worries about the solvency of several euro-zone countries.
投资者们对几个欧元区国家偿债能力的担忧引发了欧元区的危机。
The euro crisis was brought on by investors with genuine worries about the solvency of several euro-zone countries.
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