Governments are playing double or quits in their game with financial markets. The package they announced last weekend is dramatic. But the question is whether it is more than a temporary solution. The answer is: no. As initially designed, the eurozone has failed. It will succeed only if radically reformed.
在与金融市场的博弈中,欧洲各国政府正在考虑是将赌注加倍还是放弃。上周末公布的救助方案规模惊人。但问题在于这套方案是否超越了权宜之计。答案是否定的。按照最初的设计,欧元区已经失败。除非进行大刀阔斧的改革,否则欧元区将难以为续。
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