The battle plan for the eurozone debt market has been to ringfence the smaller peripheral countries to avoid contagion to Spain – and its further spread from there, in the nightmare scenario. Events have now blown that battle plan out of the water. Panicked markets, it turns out, see no need for an Iberian stopover before a direct attack on Italy – the single currency’s third-largest economy with its second heaviest public debt burden. The crisis has suddenly turned a whole lot scarier – but not yet scary enough to shake Europe’s leaders out of their complacency.
保卫欧元区债务市场的作战计划是在规模较小的外围国家四周筑起一道篱笆，以防火势蔓延到西班牙——并从那里进一步扩散，那将是噩梦般的情景。形势的演变，已经使这项作战计划浮出了水面。事实表明，惶恐不安的市场并不认为有必要像伊比利亚人一样在中途逗留，而是直接对意大利发起了攻击。意大利是欧元区第三大manbetx20客户端下载 体，其公共债务负担之重在欧元区国家中排在第二位。这场危机骤然变得更加骇人起来——只是还不足以使欧洲领导人从骄傲自满中走出来。