Europe's flawed insolvency regimes will face a severe test in 2009.

2009年，欧洲有缺陷的破产制度将面临严峻挑战。

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After five years in which Latin America's economies have averaged 5% annual growth with generally low inflation, they face a severe test of their new-found resilience in 2009.

五年来，拉丁美洲的经济保持着5%的年均增长率，通货膨胀普遍较低，但之后它们却在2009年面临着一次针对其新立弹性机制的严峻挑战。

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