1.The next option might be to accelerate the introduction of the European Stabilization Mechanism.
下一个选择可能是加快出台欧洲稳定机制（EuropeanStabilizationMechanism，简称ESM）。
2.German parliamentarians initially made Berlin rule this out for ESM. The German government needs to revisit the issue.
德国议会最初要求德国政府在ESM中排除这一选项，但德国政府需要重新讨论这个问题。
3.Through bond purchases the ESM would eventually mutate into a European debt agency, the financial counterpart of an economic union.
通过债券购买，ESM最终将演变成一个欧洲债务机构——经济联盟中的金融联盟。
4.The EFSF and its successor, the European Stability Mechanism, have been set up to handle small countries.
EFSF及后续的欧洲稳定机制（ESM），是为解决小国的危机而建立的。
5.The discussion about the ESM is also a perfect case study of what is going wrong at the moment.
另一方面，有关ESM的讨论为研究我们当前面临的问题提供了一个极好的案例。
6.Unlike a simple capital provision for the ESM, the payment of a guarantee would require an offsetting fiscal correction at home.
与为ESM直接拨备资本不同，履行贷款担保将需要在国内作出抵偿性的财政修正。
7.Officials also say the ESM would be a much more robust structure, with a governing board and paid-in capital, than the EFSF.
欧盟官员还称，ESM这一架构远比ESEF更为坚固。ESM将成立一个理事会，并且拥有实收资本。
8.Because these will not be transferred to the ESM, the new mechanism might get a little breathing space.
由于这些贷款不会转移至ESM，新机制可能会赢得一些喘息空间。
9.Use Exchange System Manager (ESM) to mount the public information store database and a new, blank public information store will be created.
使用Exchange系统管理器（ESM）装入公用信息存储数据库，然后系统将创建一个空的新公用信息存储。
10.Many coalition MPs want every ESM rescue put to a parliamentary vote, which would make it unworkable.
很多联邦政府议员希望欧洲稳定机制的所有救济项目都经由议会投票，这会使得救济难以实行。