George Soros and Peter Bofinger present a measured approach for the intervention of the European Central Bank in eurozone bond markets, essentially envisioning it as a temporary liquidity provider of last resort. However, the ECB is already playing this role to a large extent. It has along with the eurozone bail-outs bought European politicians 18 months in which to devise the fiscal rules and growth strategy the authors call for. Unfortunately, leaders have repeatedly failed to reach any semblance of consensus on a lasting solution to the crisis.
乔治•索罗斯(George Soros)和彼得•博芬格(Peter Bofinger)为欧洲央行(ECB)干预欧元区债券市场提出了一种仔细斟酌过的方案，本质上是把欧洲央行设想为临时的流动性的最后提供者。然而，欧洲央行在很大程度上已经在扮演这一角色。它与欧元区纾困计划一起，已经为欧洲政客们争取了18个月的时间，供他们制定索罗斯和博芬格所呼吁的财政规则和增长战略。不幸的是，在对危机的持久解决方案达成像样的一致意见上，欧洲领导人一再失败。