Investors have been heading for the hills over the US Federal Reserve’s warning that it may soon rein in its ultra-loose monetary policy. They may be worrying about the wrong central bank. An exit from crisis-era measures will be tricky everywhere. But most central bankers and their political masters have a clear idea of what normality they wish to return to. Not so the European Central Bank. For the euro area, it could get ugly.
美联储警告不久可能会收缩其超宽松货币政策，投资者一直对此采取逃避态度。在所有央行中，他们应该担忧的不是美联储。不管在什么地方，退出危机时期的措施都是棘手的。但大多数央行和他们的政治领导都十分清楚，他们希望回归到什么样的正常状态。欧洲央行(ECB)却不然。对欧元区来说，它可能会变得难堪。
您已阅读10%（576字），剩余90%（5202字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。