观点欧元区

Grexit is an avoidable catastrophe for the eurozone
希腊与欧盟将一损俱损


FT专栏作家明肖:评估希腊退欧的风险,不能只局限于计算数字,而忽略如此大规模违约所造成的连锁反应。如果希腊真的离开,该担忧的,是欧元及整个欧盟的未来。

The past week reminded us of three truths. The first is that the eurozone crisis will not be over until it is truly resolved — that is, when the excess debt is written off. The second is that something that is unsustainable will have to stop eventually. We saw this when the Greek electorate put an end to a policy that failed to deliver, even on its own narrow terms, a fall in the debt burden.

过去一周发生的事提醒了我们三个事实。第一,欧元区危机不会结束,除非问题真正解决——也就是说,除非超额债务得到勾销。第二,一些无法维持下去的事最终将不得不停止。在希腊选民结束一项哪怕在狭义上也没能实现削减债务负担的政策时,我们可以看出这一点。

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