the esm

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1.
Through bond purchases the ESM would eventually mutate into a European debt agency, the financial counterpart of an economic union.
通过债券购买，ESM最终将演变成一个欧洲债务机构——经济联盟中的金融联盟。
www.ftchinese.com
2.
The discussion about the ESM is also a perfect case study of what is going wrong at the moment.
另一方面，有关ESM的讨论为研究我们当前面临的问题提供了一个极好的案例。
www.ftchinese.com
3.
Unlike a simple capital provision for the ESM, the payment of a guarantee would require an offsetting fiscal correction at home.
与为ESM直接拨备资本不同，履行贷款担保将需要在国内作出抵偿性的财政修正。
www.ftchinese.com
4.
Officials also say the ESM would be a much more robust structure, with a governing board and paid-in capital, than the EFSF.
欧盟官员还称，ESM这一架构远比ESEF更为坚固。ESM将成立一个理事会，并且拥有实收资本。
chinese.wsj.com
5.
Because these will not be transferred to the ESM, the new mechanism might get a little breathing space.
由于这些贷款不会转移至ESM，新机制可能会赢得一些喘息空间。
www.ftchinese.com
6.
The ESM is based on an inter-governmental treaty among the member states of the eurozone.
ESM是基于欧元区成员国政府间的条约而设立的。
www.ftchinese.com
7.
Once it is running, the ESM may be allowed to recapitalise banks directly.
一旦这一职权成立，ESM可能就有权直接重组银行。
www.ecocn.org
8.
Early last week, European finance ministers agreed a relatively straightforward capital structure for the ESM.
上周早些时候，欧洲各国财长为该机制商定了一个相对简单明了的资本结构。
www.ftchinese.com
9.
The draft agreement for the ESM long-term rescue facility has been written and was leaked late last night.
欧洲稳定基金这一长期救援机制协议已有草案，并于昨晚晚些时候泄露。
blog.sina.com.cn
10.
Secondly, there is widespread understanding that the ESM is more of a cure for the symptom rather than the cause.
第二，人们普遍的理解是，无害环境管理是一项事业，而不是更多的症状治疗。
wenwen.soso.com