■

surrender 引き渡す

Governments that have exhausted fiscal stimulus generally rely on monetary policy to soften downturns, but euro-area governments have surrendered control over their money supply to the European Central Bank.

siphon 〈収入・利益などを〉吸い上げる, 吸収する 〈資金などを〉〔…から〕〔…へ〕流用する 〈off〉〔from〕〔into〕.

Heavy taxes siphon off the profits. 重税が利益を吸収する.

Federal programmes act as automatic fiscal stabilisers, siphoning off tax revenues from booming areas and transferring them to ailing regions as unemployment insurance or health benefits for the poor.