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作者词汇表达丰富多彩，但是要留意单词拼写；衔接成分偏少；简单句比重稍微偏高，注意极个别句子错误。
1.the Euro Crisis confront severe sovereign or government debt problem.Spin and I taly are also in trouble and face mounting debt burdens,mainly private debt.in fact the main sovereign debt crisis mainly stemmed from Greece,s public debt problem.namely the struggle to resolve the debt problems it is about too much debt and vulnerable banks. the heavy exposure by some banks to a bursting property bubble saw a banking collapse. the greek state is a relatively weak state that has long suffered from corruption,poor administration,over spending and weak tax collection. greeek or otherr peripheral economy debt would now under the control of the inflation because monertary management was now under the control of the inflation averse ecb. these debt crisis in the countries have become major problems. inter contradictions and economic imbalancesif the imbalances and unsupportable debt levels that had built up in the likes of greece,as essential economic problems. . In northern Europe, the crisis has been blamed on the fiscal fecklessness of southern European governments the technocratic ,unaccountable ecb has emerged as a critical part of the crisis repose. the economic value and political reasonableness of the current response to the crisis its exchange rates remained vulnerable to protectionist pressures for devaluation, The crude limits placed on debt and deficits of the SGP were deemed adequate blame the bond markets债券市场 have argued that the crisis is rooted in a failure of political will: if the governments of southern Europe had pursued different policies, there would have been no crisis. the inflationary effects the initial reaction of the German government was to blame the crisis on the fiscal imprudence of the southern Europeans resolve the crisis of confidence were so strenuous To avoid yields on sovereign debt rising to unsustainable levels financial crisis as a sovereign debt crisis（主权债务危机） is actually a crisis of the European financial system A bond market crisis is债券市场危机 face threatening pressure in the markets for sovereign debt. The fate of the Euro hangs in the balance sovereign debt crisis, Using it as the prism through which to view the crisis is to invite misdiagnosis. The crisis is better seen as a classic debt crisis 2. structural reform its exchange rates remained vulnerable to protectionist pressures for devaluation, a single market and common currency would force structural reform on the member states and lead to institutional convergence in their political economies. hall,s paper is very good on these national variations and imbalances within europe as a key source of problems. is the eu going to develop even deeper forms of political and economic integration and the new institutions this implies,or will a structurally-driven disintegrative momentum take hold threating the very foundations and identity of the eurozone Will the crisis ultimately advance the process of political integration in the European Union when different types of political economies were joined in a currency union联盟 the crisis might have been prevented by more assertive structural reforms focused on competition in markets for goods most of the southern European economies operated this kind of demand-led growth strategy, since the organisation of their political economies made export-led growth infeasible entry into monetary union 加入货币联盟 The northern European political economies entered EMU with institutional frameworks well suited to the export-led growth strategies that offer the best route to economic success in such a union. The southern European economies entered EMU with institutional frameworks badly suited to effective competition within such a union and they lost the capacity to devalue on which many had long depended. It is notable that the ordo-liberal approach dovetails nicely with the institutional structures underpinning export-led growth in northern Europe In the wake of the Euro crisis, many have blamed it on the economic policies pursued in southern Europe organisational differences across the European political economies militate against fixed fiscal rules, but Europe still lacks an institutional framework for agreeing and policing more flexible fiscal policies. the EU was institutionally ill-equipped to take the kind of decisive actions that would have reassured the markets; and, when it became clear how arduous such negotiations were going to be, the capacity of the EU to make credible promises declined , the EU demanded a serious acceleration in structural reforms. The result was a precipitous rise in unemployment and rapid declines in income in many parts of southern Europe nd agreement to establish a short-term European Financial Stability Facility (EFSF) to shore up the markets for European sovereign debt,
