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ECB’s crisis-fighting scheme risks being tied up in legal and political knots
欧洲央行危机应对计划或陷入法律和政治困境

Pledge to tackle divergence in bloc’s borrowing costs comes with tough questions on when and how to intervene
欧洲央行承诺解决欧元区借贷成本分化的问题,但面临着何时以及如何干预的棘手问题。

The 25 eurozone rate-setters meeting in Amsterdam last month thought they had plenty of time to finalise the European Central Bank’s plan for avoiding a bond market crisis when they started to raise rates. They were wrong.

上月在阿姆斯特丹召开的欧元区25名利率制定者会议认为,当他们开始加息时,他们有足够的时间敲定欧洲央行避免债券市场危机的计划。他们错了。

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