In the following passage there are blanks, each of which has been numbered. For each number, choose the word which fits the blank appropriately from the suggestions provided. Find out the appropriate word in each case.

   The continuing economic crisis has put central banks and governments the world over into (1) waters. For the industrialized West, the question seems to be a choice between economic stimulus and jobs, in the hope of creating a softer landing, or a swift shock at the hands of the free markets, in the hope of getting through the (2) more quickly. In emerging markets, the question is how to deal with being the focal point for investors looking to maximise returns.
   Specifically, for the Federal Reserve in the United States, that means (3) hundreds of billions of dollars into the markets – buying Treasury bills to increase liquidity. In Eurpoe the concern is that monetary union may be at risk due to the strains posed by eurozone countries that are (4) in (5). In Asia, on the other hand, economies are surging, but the prospect of hot money following into the region could potentially spell (6) due to overheating.
   Fears that the Fed’s second round of quantitative easing may lead to a faster pace of (7) may be (8). US unemployment remains persistently high at around 10 percent, while inflation remains astoundingly low at 1 percent or less, the slowest on record. That’s despite the Fed’s earlier injection of $ 1.7 trilion into the financial system to avert an economic depression in the wake of the global financial crisis.
   In contrast to the Fed’s quantitative easing, the Eurpean Central Bank has reduced liquidity in the European banking system by some 350 billion euros during the past five months. This reflects the central bank’s (9) in the improved stability of the banking system and easier (10) to capital.