Euro-zone economies face external woes and internal tensions
欧元区经济面临内忧外患

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AT THE World Economic Forum in Davos in January 2001, the mood was sombre. The dotcom bubble had burst
spectacularly, the Nasdaq stockmarket had crashed, and the American economy was tipping into recession. Yet most continental Europeans were breezily optimistic. The long years of being lectured about their inadequacies by the Anglo-Saxons were over. Europe had wisely skipped the dotcom mania, and its new currency, the euro, was giving the continent a boost. Some Europeans even dreamed of taking over as the motor of the world economy. But it was not to be, as Europe promptly fell into a deeper recession even than America.
2001年1月在达沃斯举办的