As the selloff in Greek markets continued into its third day, Greek Finance Minister George Papaconstantinou on Wednesday moved to reassure markets that the government is 'doing what needs to be done' to cover the country's fiscal gaps.
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Another part of the story in Europe is the effort to plug fiscal gaps by increasing VAT, a consumption tax.
欧洲正增加增值税（一种消费税）以填补财政赤字。
In the short term, the 440 billion euros in the EFSF appears adequate to recapitalize the Banks and fund fiscal gaps in Greece and Portugal.
短期内，EFSF的4,400亿欧元看来足以应付银行业的注资需求，并填补希腊和葡萄牙的财政缺口。
If the unprecedented monetary and fiscal stimulus works, output gaps will eventually close.
如果这空前的货币和财政刺激起作用的话，产出缺口会最终消失。
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