The world this year 2010分析和总结分析和总结.docx

Theworldthisyear

Dec16th2010

FromTheEconomistprintedition

Highlevelsofpublicdebtamongcountriesintheeurozoneturnedintoafull-blowncrisisforthecurrencyblock.Asmarketsbegantoloseconfidenceintheabilityofafewcountriestofinancetheirdebt,andrapidlypusheduptheirborrowingcosts,theEuropeanUnionandtheIMFeventuallyresolvedtobailoutGreeceand,later,Ireland.InvestorsalsofrettedoverSpainandPortugal.Measurestotacklebudgetdeficitsweremetwithprotests,especiallyinGreece,whichenduredstrikesandriots.InFrance1mpeopledemonstratedagainstpensionreformsinasingleday.

AsEuropetighteneditsfiscalbelt,Americapassedmorestimulusmeasures.BarackObama also signed into law the most sweeping changes to America’sfinancial-regulatorysystemsincethe1930sandahealth-carereformactthatwashailedbymanyasAmerica’smostsignificantpieceofsociallegislationsincethe1960s.Conservativeschallengedtheactinthecourts.

Uneaseaboutdeficitsandthe“joblessrecovery”werefactorsbehindtheincreasingcloutoftea-partiersinAmerica.WiththeirsupporttheRepublicansscoredasensationalwininaspecialelectionforTedKennedy’sformerSenateseatinMassachusetts.November’smid-termelectionssawtheDemocratssweptfrompowerintheHousebythebiggestswingtotheRepublicansindecades.Congressendedtheyearonitslowest-everGallupapprovalrating—13%.

InChinathemain worrywasofanoverheatingeconomy.Thecentralbankunexpectedlyraisedinterestratesforthefirsttimeinthreeyearsamidconcernsaboutinflation.OfficialtradestatisticsshowedChinahadovertakenGermanyastheworld’sbiggestexporter.TensionsovercurrencypolicywereattheforefrontduringsummitsoftheG20andIMF.

GooglehadaspatwithChinaovercensorshipandacyber-attackonitswebsitethere,causingittoredirectitsChineseinternetsearchesthroughHongKong.

Separately,Goog