Eurozone leaders held a summit last week that was important, but not for the reasons you might think. What has been decided will change the future of Europe. The banking union is a tool so powerful that it could unite the core of the EU. But it will also separate it from the rest. It is more useful to think of the banking union as a long-term political project than as a tool of crisis resolution. Depending on your view, it can be monumental or irrelevant.
欧元区领导人上周召开了一次峰会，这次会议很重要，但原因并非你们可能想象的那样。会上做出的决定将改变欧洲的未来。银行业联盟是一个强大的工具，可能让欧盟(EU)核心国家团结起来，但它也会让核心国家与其他国家离心。与其将这个银行业联盟视为一种危机解决工具，倒不如将其视为一项长期政治项目更有用。它可能意义重大，也可能无关紧要，这取决于你们的见解。
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