“Whatever it takes” is not a bad motto for the fight to save the eurozone. And the same goes for the new European stability fund, which fills a yawning gap in the institutional fabric of the eurozone. But for this to work, we need clarity about which fights to fight and which instability to stabilise. And this is where the proposed reforms are likely to fail.
对旨在拯救欧元区的战斗而言，“尽一切努力”是个不错的口号。新的欧洲稳定基金亦是如此，该基金填补了欧洲机构组织中一个不断扩大的缺口。但要使其发挥作用，我们必须弄清楚要打的是哪些仗，要稳定的是哪些不稳定因素。而在这一点上，拟议中的改革可能无法取得成功。
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