It was the first time that an act of crisis resolution in the eurozone did not undershoot expectations. By agreeing an unlimited bond purchasing programme, and by abandoning the privilege of senior creditor status, the European Central Bank has demonstrated that it is the only functional institution left in the European Union. A rescue of the eurozone is inconceivable without the help of the ECB.
在历次欧元区危机应对行动中,当前行动第一次没有辜负期待。欧洲央行(ECB)通过一项无限制购买债券的计划,并放弃自身优先债权人的地位,这表明它是欧盟(EU)之中唯一发挥职能的机构了。若没有欧洲央行的帮助,为欧元区纾困是不可想象的。
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