1Markets have lost faith that the euro zone’s economies, weaker or stronger, will one day converge thanks to the discipline of sharing a single currency, which denies uncompetitive members the quick fix of devaluation.
主干主语：Markets；谓语：have lost；宾语：faith（后接that引导的同位语从句）
结构主句后接that同位语从句解释faith内容；从句主语economies被weaker or stronger插入语修饰；thanks to介词短语作原因状语；which引导非限制性定语从句修饰a single currency，从句中denies后接双宾语。整体层层嵌套，插入成分打断主干。
译文市场已对欧元区经济体（无论强弱）终将因共用单一货币的约束而趋同失去信心，因为这种约束使竞争力不足的成员国无法通过贬值来迅速解决问题。
考点that引导同位语从句说明抽象名词faith的内容 · which非限制性定语从句修饰currency，注意先行词不是整个主句
2It insists that economic co-ordination should involve all 27 members of the EU club, among whom there is a small majority for free-market liberalism and economic rigour; in the inner core alone, Germany fears, a small majority favour French interference.
主干主语：It；谓语：insists；宾语：that从句
结构that宾语从句内含among whom非限制性定语从句修饰members；分号后为另一独立分句，Germany fears作插入语，打乱语序；alone强调inner core。前后对比结构，插入语与定语从句增加理解难度。
译文德国坚持经济协调应涵盖欧盟全部27个成员国，其中略占多数的国家支持自由市场与财政纪律；而德国担心，仅在欧元区内核中，略占多数的国家会赞成法国式干预。
考点among whom引导定语从句，whom指代members · 插入语Germany fears把主谓隔开，需还原语序
3Translated, that means politicians intervening in monetary policy and a system of redistribution from richer to poorer members, via cheaper borrowing for governments through common Eurobonds or complete fiscal transfers.
主干主语：that；谓语：means；宾语：politicians intervening... and a system...
结构句首Translated为过去分词作状语；means后接两个并列宾语（动名词复合结构+名词短语）；via介词短语作方式状语，其中through进一步修饰borrowing。并列宾语与多层介词短语使句子拉长。
译文换句话说，这意味着政客介入货币政策，以及通过共同欧元债券让政府更便宜地借债或通过彻底财政转移，建立从富国向穷国再分配的体系。
考点Translated独立分词结构相当于In other words · means后接动名词复合结构作宾语
4At its best, the European project is remarkably liberal: built around a single market of 27 rich and poor countries, its internal borders are far more open to goods, capital and labour than any comparable trading area.
主干主语：the European project；系动词：is；表语：liberal
结构冒号后为解释性分句，built around过去分词短语作状语修饰后一分句；its internal borders为主语，are open为系表，than引导比较状语。冒号连接两个语法上独立的句子，分词短语前置造成主语跳跃。
译文在最佳状态下，欧洲一体化项目极为自由：它围绕27个贫富国家组成的单一市场而建，其内部边界对商品、资本和劳动力的开放程度远超任何同类贸易区。
考点冒号后独立分句解释前文，built around修饰后句而非project · 比较结构far more...than需抓住比较对象