The eurozone, as designed, has failed. It was based on a set of principles that have proved unworkable at the first contact with a financial and fiscal crisis. It has only two options: to go forwards towards a closer union or backwards towards at least partial dissolution. This is what is at stake.
欧洲人最初设计规划的那个欧元区已解体。事实证明，它所基于的原则在与金融危机和财政危机首次交锋时就败下阵来。如今它只有两个选择：要么继续前进，建立一个更紧密的联盟，要么倒退，至少部分解体。这就是目前的危险所在。
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