With its commitment to “break the vicious cycle between banks and sovereigns”, the European Council in June belatedly turned its attention to the real cause of the eurozone crisis: a lack of tools to deal with the unsustainable cross-border balances of private debt.
今年6月，欧洲理事会(European Council)终于将注意力转向了导致欧元区危机的真正原因：缺乏处理不可持续的跨境私人债务的工具。该理事会许下了“将打破银行与主权国家之间的恶性循环”的承诺。
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