One is an overwhelming emphasis on short-term fiscal austerity over growth.

其一，过分强调短期财政政策胜过增长。

But the main culprit is a collective, premature shift to fiscal austerity by governments.

但是最主要的罪魁祸首是各国政府实施集体的不成熟的向财政紧缩的转变。

He has promised broadly to stick to the combined policies of fiscal austerity and structural reforms laid out by Mr Monti.

承诺继续支持蒙蒂提出的财政紧缩和结构改革并行的政策。

However this process works out, America would already be in the throes of extreme fiscal austerity.

无论这个过程如何，美国都已经处于极端财政紧缩的阵痛之中。

Second, even if a catastrophe in Europe is avoided, the prospects for the world economy are darkening, as the rich world's fiscal austerity intensifies and slowing emerging economies provide less of a cushion for global growth.

第二，即使欧洲可以避免这个大灾难，世界经济的前景依然黯淡，因为富裕国家的财政紧缩加剧，放慢速度的新兴经济体给全球经济提供较少的缓冲。

A big concern for Roger Howard, head of the UK Drug Policy Commission (UKDPC), a charity, is that the government's twin commitment to fiscal austerity and localism may mean that resources are not available to handle a new drug wave.

英国毒品政策委员会（the UK Drug Policy Commission，UKDPC）是一个慈善组织，该组织负责人Roger Howard关注的是政府打算同时完成两件事：财政紧缩和服务地方化，这意味着对付新一轮毒品潮可能能力不足。