Passage 2
The global financial crisis can be divided into several stages: From August 2008 to the bankruptcy of Lehman Brothers in Septernber 2008 was the U. S. sub-prime mortgage crisis;after September 2008 it became the international financial crisis and as of October 2009 when Greek sovereign debt crisis broke out, the crisis became a sovereign debt crisis.The question is: Is the European currency crisis now in a new stage? And what comes next?
We think the present U.S. and European sovereign debt crisis is the aftershock of the U.S. sub- -prime crisis, and also the preshock- that will bring future internation financial market more turmoil and push the world economy into another recession. Recently Standard & Poor's placed the European Union on its watch list, and some countries are preparing for the EU to balkanize, so we must he prepared for this crisis.
In rescuing the EU, there are three methods: The European Central Bank issues banknotes to rescue the euro; the euro zone issues euro bonds; or it creates Europe rescue fund. However, these methods are all difficult to carry out and may trigger inflation.
If not rescued, three outcomes are possible Southern European countries will leave the EU, which may lead to imported inflation; the euro zone breaks up and northern European countries issue new core currency which may lead to sharp rises of the exchange rate and their economy may stagnate; or each country tesumes its own currency so that the currency of Germany, the European economic development engine, will appreciate sharply and export of German goods will be seriously affected, then debtor nations such as Greece and Spain will lose aid and collapse.
There is another choice, or the only way out for the euro, which is to advance a uniform fiscal policy and establish a uniform country just like the United States that was established as a federal country hundreds of years ago. But the question of whether the public and politicians of various countries have enough consensus needs to be researched.
48.The result of U. S. sub-prime crisis led to the present U. S. and European sovereign debt crisis.
A、True
B、False
【正确答案】：A
【名师解析】:根据题目内容，2008年的美国次贷危机是全球金融危机的起始阶段。随后，这场危机演变成了国际金融危机，并在2009年10月希腊主权债务危机爆发时进一步演变为主权债务危机。题目中提到，当前的美国和欧洲主权债务危机是次贷危机的余波，并且是未来国际金融市场动荡和世界经济再次衰退的前兆。因此，选项A "True" 是正确的，因为题目内容确实表明了美国次贷危机导致了当前的美国和欧洲主权债务危机。
