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Flashcards in Lesson135 The Great Abdication Deck (24):
1

evoke [ɪvoʊk]

Among economists who know their history, the mere mention of certain years evokes shivers.
[VERB] [FORMAL] To evoke a particular memory, idea, emotion, or response means to cause it to occur.
불러일으키다+감정

2

*then

re-enact

For example, three years ago Christina Romer, then the head of President Obama's Council of Economic Advisers, warned politicians not to re-enact 1937.
*then 당시
[VERB] If you re-enact a scene or incident, you repeat the actions that occurred in the scene or incident. 재연하다.

3

루즈벨트 대통령은 너무 일찍 경기 부양책을 긴축재정으로 변경시켜 버려서 조금씩 살아나고 있던 경제를 다시 침체로 빠져들게 했습니다.

F.D.R. shifted, far too soon, from fiscal stimulus to austerity, plunging the recovering economy back into recession.
*shift from A to B
*fiscal stimulus: 재정정책 통해 경기를부양시키려는 노력
cf)Stimulus package 경기 부양책

4

*plunge [plʌndʒ] 1

F.D.R. shifted, far too soon, from fiscal stimulus to austerity, plunging the recovering economy back into recession.
[VERB] If a person or thing is plunged into a particular state or situation, or if they plunge into it, they are suddenly in that state or situation.

5

*fateful [feɪtfʊl] 1

But now I'm hearing more and more about an even more fateful year.
[ADJ] If an action or a time when something happened is described as fateful, it is considered to have an important, and often very bad, effect on future events.

6

급증하는 구제비용이, 정부자체의 지불상환능력을 불확실하게 만들었습니다. (~의문스럽게 만들었습니다.)

The spiraling cost of the rescue put the government’s own solvency in doubt.
*spiraling cost 급증하는 비용
*put ~ in doubt

7

spiral [spaɪərəl] 1

solvency [sɒlvənsi] 1

The spiraling cost of the rescue put the government’s own solvency in doubt.
[VERB] If an amount or level spirals, it rises quickly and at an increasing rate.
[NOUN] [BUSINESS] A person or organization's solvency is their ability to pay their debts.

8

하지만 그 위기가 퍼져나가는 것을 막을 수 있는 힘을 가진 누구도 자기가 해야 할 책무를 위해 나서지 않았습니다.

But nobody with the power to contain the crisis stepped up to the plate.

9

contain [kənteɪn] 2

step up to the plate

But nobody with the power to contain the crisis stepped up to the plate.
[VERB] If you contain something, you control it and prevent it from spreading or increasing.
cf)containment policy 봉쇄정책
cf)naval blockage 해상 봉쇄
(chiefly, US, idiomatic, ) To initiate action; to assume a responsibility.

10

lost cause

Forget about Greece, which is pretty much a lost cause.
[NOUN] If you refer to something or someone as a lost cause, you mean that people's attempts to change or influence them have no chance of succeeding.
가망 없는 일

11

유럽의 채권 국가들이 스페인 은행이 마주하고 있는 재정 위기를 어떤 식으로든 같이 떠안아야할 필요가 있다는 것은 분명해보입니다.

It seems obvious that European creditor nations need, one way or another, to assume some of the financial risks facing Spanish banks.
*facing이라고 많이 씀에 유의
*It is a great challenge facing the Korean team.

12

*creditor [kredɪtər] 1

*one way or another
[(in) one way and/or another/the other]
*assume [əsu:m] 2

It seems obvious that European creditor nations need, one way or another, to assume some of the financial risk facing Spanish banks.
[NOUN] Your creditors are the people who you owe money to.
*in various different ways now considered together
어떤 식으로든
[VERB] If someone assumes power or responsibility, they take power or responsibility.

13

유로화 생존 자체가 걸려있는 상황에서 약간의 금융 위기를 떠안을 위험을 감수하는 것은 대단한 일도 아닙니다.

With the very survival of the euro at stake, a bit of financial risk should be a small consideration.

14

sabotage [sæbətɑ:ʒ] 1

And I'm not just talking about Congressional Republicans, who often seem as if they are deliberately trying to sabotage the economy.
[VERB] If someone sabotages a plan or a meeting, they deliberately prevent it from being successful.

15

mandate [mændeɪt] 1

The Fed has a so-called dual mandate.
[NOUN] [oft N for n, N to-inf] If a government or other elected body has a mandate to carry out a particular policy or task, they have the authority to carry it out as a result of winning an election or vote.

16

true

supposedly [səpoʊzɪdli] 2

True, last week the Fed announced some actions that would supposedly boost the economy.
*물론 그렇긴 하지만=admittedly [ædmɪtɪdli] 2 :
[ADV] You use admittedly when you are saying something which weakens the importance or force of your statement.
[PHRASE] If you say that something is supposed to happen, you mean that it is planned or expected. Sometimes this use suggests that the thing does not really happen in this way.

17

그러나 이 상황이 조금이라도 친숙한 사람은 이런 행동이 매우 충분치 않다고 생각했을 것입니다.

But I think it's fair to say that everyone at all familiar with the situation regards these actions as pathetically inadequate.
*it's fair: 이렇게 말해도 틀린거라 할 수 없습니다.
*at all: 그나마 ~한 사람이라면

18

*pathetically [pəθetɪkli] 2

inadequate [ɪnædɪkwət] 2

But I think it's fair to say that everyone at all familiar with the situation regards these actions as pathetically inadequate.
[ADJ] [disapproval] If you describe someone or something as pathetic, you mean that they make you feel impatient or angry, often because they are weak or not very good.
[ADJ] [usu v-link ADJ] If someone feels inadequate, they feel that they do not have the qualities and abilities necessary to do something or to cope with life in general. 정도와 양
[ADJ] If something is adequate, there is enough of it or it is good enough to be used or accepted.

19

*bare [beər] 1

deflect [dɪflekt] 2

*accusation [ækjʊzeɪʃən] 1 3

The bare minimum the Fed could do to deflect accusations that it is doing nothing at all.
[ADJ] [det ADJ] If you talk about the bare minimum or the bare essentials, you mean the very least that is necessary. 정말 최소한의, 쓸데 없는 것을 제외한
[VERB] If you deflect something such as criticism or attention, you act in a way that prevents it from being directed towards you or affecting you.
[NOUN] [oft N that, N of n/-ing] If you make an accusation against someone, you criticize them or express the belief that they have done something wrong.

20

*intimidate [ɪntɪmɪdeɪt]2

My guess is that it's intimidated by those Congressional Republicans, that it's afraid to do anything that might be seen as providing political aid to President Obama, that is, anything that might help the economy.
[VERB] If you intimidate someone, you deliberately make them frightened enough to do what you want them to do. 쫄게 만들다, 위축하게 하다.

21

*decide that

Maybe there's some other explanation, but the fact is that the Fed has decided that avoiding economic disaster is somebody else's responsibility.
*마음을 먹었다, 결론을 지어버렸다.

22

do no good

But knowledge and resources do no good if those who possess them refuse to use them.
*아무 도움이 안된다.

23

*fundamentals [fʌndəmentəl] 1 3

*in oneself

The fundamentals of the world economy aren't, in themselves, all that scary.
*근간을 이루고 있는 요인들
*그 자체로는

24

저와 많은 경제학자들을 더욱 두렵게 하는 것은 바로 전 세계적으로 벌어지는 책임회피입니다.

It's the almost universal abdication of responsibility that fills me, and many other economists, with a growing sense of dread.
*with a growing sense of
점점 증가하고 있는 ~의 느낌으로
cf)A growing number of Hannites are leaving for 강남 looking a better alternative.