【CNN】G7 fails to defuse currency tensions

http://edition.cnn.com/2013/02/12/business/g7-failure-defuse-currency-war-fears/index.html?hpt=ibu_c2

• defuse : (Vt.) to improve a difficult or dangerous situation, for example by making people less angry or by dealing with the causes of a problem
  - G7 fails to defuse currency tensions.
  - The agreement was regarded as a means of defusing ethnic tensions.
• soothe : (Vt.) to make someone feel calmer and less anxious, upset, or angry
  - An attempt to soothe global currency tensions backfired on Tuesday as a joint statement by the world's richest nations roiled the markets.
  - Lucy soothed the baby by rocking it in her arms.
• backfire : (Vi.) if a plan or action backfires, it has the opposite effect to the one you intended
  - The company's new policy backfired when a number of employees threatened to quit.
• roil = rile : (Vt. informal) to make someone extremely angry
  - He is the calmest guy I ever knew. Nothing ever riled/roiled him. 
• reinvigorate : (Vt.) give new energy or strength to
  - The yen initially fell, as the statement appeared to support Japan's efforts to reinvigorate growth.
• broker : (Vt.) to arrange the details of a deal etc so that everyone can agree to it
  - a ceasefire agreement brokered by the UN
• monetary : (adj. only before noun) relating to money, especially all the money in a particular country
  - Japan's monetary policy has become the focus of the global currency tensions ahead of a meeting of G20 finance ministers and central bankers later this week in Moscow.
  - the government's tight monetary policy
• reaffirm : (Vt.) to formally state an opinion, belief, or intention again, especially when someone has questioned you or expressed a doubt = reiterate- We reaffirm that our fiscal and monetary policies have been and will remain oriented towards meeting our respective domestic objectives using domestic instruments.
  - The government reaffirmed that education is a top priority.
• fiscal : (adj.) relating to money, taxes, debts etc that are owned and managed by the government
• volatile : (adj.) a volatile situation is likely to change suddenly and without warning
  - an increasingly volatile political situation
• volatility : (N.)
• adverse : (adj.) not good or favourable
  - We are agreed that excessive volatility and disorderly movements in exchange rates can have adverse implications for economic and financial stability.
  - They fear it could have an adverse effect on global financial market.
• refrain : (Vt. formal) to not to do something that you want to do = abstain
  - In private, the US has been pressuring Japan's new government to refrain from mentioning the yen as it attempts to revive growth and end deflation.
  - Please refrain from smoking in this area.
• crumble : (Vt. & Vi.) to break apart into lots of little pieces, or make something do this
  - As G7 unity crumbled, the Bank of Canada's governor said the world's richest economies should not use monetary policy to target exchange rates.
  - The fall leaves crumbled in my fingers.
• outbreak : (C.) if there is an outbreak of fighting or disease in an area, it suddenly starts to happen
  - Leading emerging economies, such as Brazil, have complained about loose monetary policy in G7 countries, leading to warnings about an outbreak of low-level "currency wars"
  - the outbreak of World War II

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