The financial fortunes of eurozone members are diverging. The European Central Bank worries about such fragmentation. It reversed its long-held permissive stance on interest rates to a hawkish position last week. Rates are certain to rise next month, as widening sovereign bond spreads forewarn.
欧元区成员国的金融命运正在分化。欧洲央行(ECB)对这种分化感到担忧。上周,欧洲央行改变了长期以来对利率的宽松立场,转为强硬立场。下个月利率一定会上升,同时主权债券利差也不断扩大。
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